There are different definitions that people talk about for flipping. Some mention it as actually paying for a property, then quickly renovating it to resell it. This is something you can do but there are also many financial risks that can be an issue, particularly in down or declining markets.
When we talk about flipping, we are talking about controlling properties at a discount and then assigning (or flipping) them to another buyer for a speedy profit. So when, So while we mention real estate wholesaling, we are basically mentioning finding houses inexpensively and assigning them inexpensively to another individual or rehabber; thus the term wholesale. For further explanation on jargon, when you transfer a house to another rehabber, this just means you are giving the right to them to purchase the home directly from the property owner.
After you get a property under contract, you will have control. Then you can wholesale it to another person at retail price or for a flat fee so they can take ownership of it. They take your place in the option, then close on the house, handle rehabbing it and either keep it or sell it to someone else for a larger price. A system like the one taught by Matthew Sorensen is a great no risk option to create quick profits 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 system especially once you have a reliable system working for your business!
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