There are different meanings that people discuss for flipping. Some refer to it as actually paying for a property, then quickly rehabbing it to resell it. This is something you can apply but there are also additional financial risks that can be an issue, particularly in flat or lingering markets.
While we discuss flipping, we are talking about controlling homes inexpensively and then assigning (or flipping) them to another buyer for a fast profit. When we discuss real estate wholesaling, we are basically discussing finding homes inexpensively and assigning them at a discount to another investor or rehabber; thus the term wholesaling. For further details on lingo, when you flip a house to another rehabber, this just means you are passing on the right to them to close on the property directly from the property owner.
After you get a house under contract, you will have control. Then you can wholesale it to another individual at a higher price or for a flat fee so they can purchase it. They take your place in the agreement, then take ownership of the property, handle repairing it and either keep it or sell it to an end buyer for full price. A real estate system like the one developed by Matthew Sorensen is a great no issue system to create quick cash 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 dependable program working for your team!
