Using the Proven Methods for Flipping Houses and Wholesaling Real Estate
There are many meanings that people mention for flipping. Some mention it as actually purchasing a property, then quickly fixing it up to resell it. This is an option you can do but there are also a lot of other financial risks that can be a concern, particularly in down or lagging locations.
While we talk about flipping, we are talking about controlling homes inexpensively and then assigning (or flipping) them to another buyer for a quick profit. While we refer to real estate wholesaling, we are basically referring to finding properties cost effectively and assigning them at a discount to another individual or rehabber; thus the term wholesale. For more explanation on jargon, when you assign a property to another rehabber, this just means you are providing the right to them to purchase the house directly from the owner.
After you get a property under contract, you will have control. Then you can pass it on to another person at a larger price or for a flat fee so they can purchase it. They take your place in the agreement, then purchase the home, take care of fixing it up and either keep it or sell it to someone else for a larger price. A real estate system like the one taught by Matthew Sorensen for real estate investing is a great no issue system 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 constant system working for your team!
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