Many of the Time Tested Methods for Wholesaling Houses and Assigning Real Estate
There are various definitions that people refer to for flipping. Some refer to it as actually paying for a property, then quickly rehabbing it to resell it. This is something you can implement but there are also a lot of other financial risks that can be a problem, particularly in soft or lingering real estate markets.
So while we refer to flipping, we are talking about securing properties cost effectively and then assigning (or flipping) them to another buyer for a quick profit. While we discuss real estate wholesaling, we are basically discussing finding homes at a discount and assigning them at a discount to another investor or rehabber; thus the term wholesale. For additional clarification on lingo, when you transfer a house to another person, this just means you are providing the right to them to close on the property directly from the property owner.
When you get a property under contract, you will have control. Then you can flip it to another person at a larger price or for a flat fee so they can purchase it. They take your place in the option, then take ownership of the home, handle renovating it and either keep it or sell it to another person for a higher price. A method like the one taught by Matthew Sorensen for real estate investing is a great no issue way to create fast money using little or no credit 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 option especially once you have a dependable revenue model working for your team!
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