There are various meanings that people discuss for flipping. Some mention it as actually buying a property, then quickly repairing it to resell it. This is a strategy you can do but there are also a lot of other financial risks that can be a concern, particularly in down or declining areas.
When we talk about flipping, we are talking about tying up properties cost effectively and then assigning (or flipping) them to another buyer for a fast profit. While we talk about real estate wholesaling, we are basically referring to finding homes inexpensively and assigning them inexpensively to another individual or rehabber; thus the term wholesale. For additional details on jargon, when you flip a property to another rehabber, this just means you are giving the right to them to purchase the home directly from the owner.
After you get a home under contract, you will have control. Then you can assign it to another person at full price or for a flat fee so they can take ownership of it. They take your place in the contract, then close on the house, take care of fixing it up and either keep it or sell it to another person for a larger price. A real estate system like the one created by Matthew Sorensen for real estate investing is a great no issue way to create quick cash using little or no money or other financing 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 steady system working for your team!
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