But in today’s shaky economy, the dream flip can turn into a financial belly flop if you’re not careful. Property flipping, at its core, is simple: buy, renovate, resell. According to the August FNB Property Barometer, property prices have been creeping up by around 3.7% annually. Adrian Goslett, Regional Director and CEO of REMAX Southern Africa, warned via IOL that relying on house price growth alone is a rookie mistake. “You can’t sell a property for more than the market can bear, no matter how much you spend on renovations.