There are different meanings that people mention for flipping. Some mention it as actually buying a property, then quickly repairing it to resell it. This is a strategy you can apply but there are also many financial risks that can be a concern, particularly in down or stagnant markets.
While we mention flipping, we are talking about controlling properties cost effectively and then assigning (or flipping) them to another buyer for a quick profit. When we talk about real estate wholesaling, we are basically talking about finding properties inexpensively and assigning them at a discount to another investor or rehabber; thus the term wholesaling. For further clarification on lingo, when you transfer a home to another individual, this just means you are passing on the right to them to purchase the house directly from the owner.
Once you get a home under contract, you will have control. Then you can pass it on to another person at full price or for a flat fee so they can take ownership of it. They take your place in the agreement, then buy the home, take care of repairing it and either keep it or sell it to someone else for full price. A program like the one created by Matthew Sorensen for real estate investing is a great no issue strategy to create quick profits using little or no credit 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 system especially once you have a constant revenue model working for you!
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