Using the Time Tested Methods for Assigning Houses and Flipping Real Estate
There are other definitions that people refer to for flipping. Some refer to it as actually buying a property, then quickly repairing it to resell it. This is an option you can apply but there are also many financial risks that can be an issue, particularly in soft or stagnant locations.
While we refer to flipping, we are talking about securing properties inexpensively and then assigning (or flipping) them to another buyer for a quick profit. When we refer to real estate wholesaling, we are basically discussing finding properties inexpensively and assigning them at a discount to another individual or rehabber; thus the term wholesaling. For more explanation on terminology, when you assign a property to another individual, this just means you are passing on the right to them to close on the house directly from the seller.
After you get a house under contract, you will have control. Then you can wholesale it to another rehabber at full price or for a flat fee so they can take ownership of it. They take your place in the agreement, then buy the house, are responsible for repairing it and either keep it or sell it to another person for a higher price. A real estate system like the one created by Matthew Sorensen is a great no risk way to create fast money using little or no cash 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 strategy especially once you have a consistent system working for you!
