Flipping

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 (IPOs).

The term "flipping" is used by real estate investors to describe "residential redevelopment". Redevelopment of distressed or abandoned properties or neighborhoods has sometimes been linked to malicious and unscrupulous acts in the post housing bubble era. 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. 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.

Dude Perfect

Dude Perfect is a sports entertainment group who got their start on YouTube. Most known for their trick shots, they are also involved in comedy with their "Stereotypes" series, in which they poke fun at common stereotypes, mostly in the sports world. The group consists of the twins Coby and Cory Cotton, Garrett Hilbert, Cody Jones, and Tyler Toney who are all former high school basketball players and college roommates at Texas A&M University.

The group commented that their shots typically relied more on American football skills than basketball.

History

The group was betting on sandwiches via basketball shots in their backyard, which were eventually recorded on camera, and a video of trick shots at Toney's ranch was eventually released on YouTube. Within a week, the video received 100,000 views. When asked about the name, Toney stated,

Afterwards, a trick shot video from the Christian summer camp Sky Ranch was released, which, as of June 2015, has over 13.9 million views. For every 100,000 views the video received, Dude Perfect pledged to sponsor a child from Compassion International. Afterwards, ESPN's E:60 contacted the group for a segment, and on the third floor of Texas A&M's Kyle Field, Toney converted a shot, which traveled 3.9 seconds, which was a world record at the time. The shot prompted television appearances on ESPN's First Take, Pardon the Interruption, Around the Horn and SportsNation. Eventually, Dude Perfect introduced the Panda mascot, who "developed a cult following at A&M basketball games" when taunting players of the opposing team.

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