Many of the Proven Methods for Wholesaling Houses and Assigning Real Estate
There are different definitions that people talk about for flipping. Some discuss it as actually buying a property, then quickly repairing it to resell it. This is something you can apply but there are also many financial risks that can be a concern, particularly in down or declining markets.
When we talk about flipping, we are talking about tying up houses inexpensively and then assigning (or flipping) them to another buyer for a fast profit. While we talk about real estate wholesaling, we are basically discussing finding homes cost effectively and assigning them inexpensively to another investor or rehabber; thus the term wholesaling. For further explanation on jargon, when you transfer a house to another rehabber, this just means you are passing on the right to them to take ownership of the home directly from the home owner.
Once you get a home under contract, you will have control. Then you can flip it to another individual at full price or for a flat fee so they can take ownership of it. They take your place in the contract, then purchase the house, handle rehabbing it and either keep it or sell it to another person for a higher price. A program like the one created by Matthew Sorensen is a great no issue option to create quick profits using little or no cash or other banking 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 dependable program working for you!
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