There are many descriptions that people refer to for flipping. Some mention it as actually paying for a property, then quickly repairing it to resell it. This is a strategy you can implement but there are also additional financial risks that can be a problem, particularly in down or lingering markets.
So when we refer to flipping, we are talking about controlling homes cost effectively and then assigning (or flipping) them to another buyer for a fast profit. When we refer to real estate wholesaling, we are basically mentioning finding homes inexpensively and assigning them cost effectively to another individual or rehabber; thus the term wholesale. For further clarification on terminology, when you assign a home to another individual, this just means you are offering the right to them to take ownership of the home directly from the seller.
After you get a property under contract, you will have control. Then you can assign it to another rehabber at retail price or for a flat fee so they can take ownership of it. They take your place in the option, then purchase the property, take care of fixing it up and either keep it or sell it to someone else for a higher price. A program like the one developed by Matthew Sorensen is a great no risk strategy 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 strategy especially once you have a dependable revenue model working for your business!
