April 21st, 2009 | 
Author: There are other meanings that people refer to for flipping. Some discuss it as actually buying a property, then quickly renovating it to resell it. This is a strategy you can do but there are also a lot of other financial risks that can be an issue, particularly in soft or lingering locations.
So when we talk about flipping, we are talking about controlling properties cost effectively and then assigning (or flipping) them to another buyer for a speedy profit. When we talk about real estate investing by wholesaling, we are basically referring to finding homes at a discount and assigning them inexpensively to another person or rehabber; thus the term wholesale. For further explanation on terminology, when you assign a house to another person, this just means you are passing on the right to them to buy the home directly from the seller.
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 close on it. They take your place in the agreement, then purchase the property, handle fixing it up and either keep it or sell it to another person for full price. This type of Real Estate Investment is a great no risk system to create quick cash using little or no cash or other financing techniques.
Since you have neither of these limitations you can also do as a many as you want making creative real estate investing a good cash flow strategy especially once you have a reliable program working for your business!
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