Flipping is a term used primarily in the United States to describe purchasing a revenue-generating asset and quickly reselling (or "flipping") it for profit. Though flipping can apply to any asset, the term is most often applied to real estate and initial public offerings.

The term "flipping" is frequently used both as a descriptive term for schemes involving market manipulation and other illegal conduct and as a derogatory term for legal real estate investing strategies that are perceived by some to be unethical or socially destructive. The latter usage is typically contested by those who believe the strategies in question are ethical and socially beneficial or neutral. In the United Kingdom the term is used to describe a technique whereby Members of Parliament were found to be switching their second home between several houses, which had the effect of allowing them to maximize their taxpayer funded allowances.

Wholesalers make a profit by signing a contract to purchase a property from a seller and then entering into an agreement with a third party to resell the same property at a higher price for a profit. All rights to the original purchase contract are assigned to the new buyer and the new buyer pays an "assignment fee" to the wholesaler in order to gain all rights to purchase the property at the original purchase price. The original purchase contract usually has an "inspection period" which allows the original buyer to back out of the contract and not close on it if they do not find a buyer to assign their contract to. Many wholesalers have no intention of actually purchasing the property and simply use wholesaling as a tool to locate properties for other investors. Wholesalers that are able to identify good investment opportunities for other investors can make a good living by locating these properties and then assigning the rights to them to these buyers.

Martin John C. Freeman (born 8 September 1971) is an English actor. He is known for his roles as Tim Canterbury in the BBC's Golden Globe-winning comedy The Office, John in Love Actually, Arthur Dent in the film adaptation of Douglas Adams' The Hitchhiker's Guide to the Galaxy, Dr. Watson in Sherlock and Paul Maddens in Nativity!. He has been cast in the lead role of Bilbo Baggins in Peter Jackson's two-part adaptation of The Hobbit.

Martin Freeman was born in Aldershot, Hampshire, the youngest of five children. His father, Geoffrey, a naval officer, and his mother, Philomena separated when Freeman was a child, and when Freeman was ten, Geoffrey died of a heart attack. Freeman was raised Roman Catholic. As a child, Freeman was asthmatic, and had to undergo a hip operation due to a "dodgy" leg. He was schooled at a Catholic comprehensive before attending London's Central School of Speech and Drama.

In an edition of Who Do You Think You Are? aired on 19 August 2009, he discovered that his grandfather, Leonard Freeman, was a member of the Royal Army Medical Corps during World War II. Private L W Freeman, a Territorial Army volunteer in the 150(N) Field Ambulance Regiment, was killed in Northern France on 24 May 1940 in a Stuka dawn attack. His unit was evacuated from Dunkirk two days later.