Flipping…a good idea?

Since “flipping” is a common tag put on buying a property, fixing it up and selling it, I titled this category “Flipping”.
In my Ebook, however, I consider the concept “Jobbing” rather than flipping.  I consider Flipping as an in-between birddogging and jobbing technique, where you enter into a contract to purchase and sell the contract to an investor  before you must close on it yourself.  More on this topic in my Ebook, “Birddogging and Beyond” 

The primary concept behind flipping, as I’m using here,  is to locate a property that is in a good area but in need of renovation, buy the property at a below market value, fix it up and sell it at a profit.  For some investors, this may be a good idea.

Here is where I disagree with the concept of flipping.
Why buy a property, take title to it, spend money fixing it up and sell it for a few thousand dollars profit?   You are taking all of the financial risk.   (Obviously, the buyer also expects to buy at a good price).

Our real estate investment course is based on the sound investment practices of professional investors.  The purpose of becoming involved in real estate is to create wealth by ever increasing the equity you have in various properties.  If you sell each one as you finish renovation, you lose the primary way of creating wealth plus you are no doubt subject to tax on the profit you realize out of each sale.

Your comments are encouraged.