There are different definitions that people refer to for flipping. Some discuss it as actually paying for a property, then quickly renovating it to resell it. This is a strategy you can do but there are also more financial risks that can be an issue, particularly in flat or lagging markets.
So when we discuss flipping, we are talking about securing houses inexpensively and then assigning (or flipping) them to another buyer for a fast profit. When we refer to real estate wholesaling, we are basically referring to finding homes at a discount and assigning them inexpensively to another person or rehabber; thus the term wholesale. For additional clarification on jargon, when you transfer a property to another rehabber, this just means you are passing on the right to them to close on the property directly from the owner.
After you get a house under contract, you will have control. Then you can flip it to another person at a larger price or for a flat fee so they can take ownership of it. They take your place in the agreement, then buy the home, are responsible for fixing it up and either keep it or sell it to another person for full price. A method like the one developed by Matthew Sorensen for real estate investing is a great no issue option to create fast money using little or no credit or other lending techniques.
Since you have neither of these limitations you can also do as a many as you want making real estate wholesaling a great cash flow system especially once you have a dependable revenue model working for you!











