24 Jun 09 Recognizing the Proven Methods for Flipping Houses and Wholesaling Real Estate

There are different definitions that people mention for flipping. Some talk about it as actually paying for a property, then quickly renovating it to resell it. This is a strategy you can implement but there are also more financial risks that can be a problem, particularly in soft or declining markets.

So while we talk about flipping, we are talking about securing houses cost effectively and then assigning (or flipping) them to another buyer for a fast profit. When we refer to real estate wholesaling, we are basically referring to finding properties at a discount and assigning them inexpensively to another investor or rehabber; thus the term wholesale. For additional details on terminology, when you transfer a house to another rehabber, this just means you are passing on the right to them to take ownership of the house directly from the seller.

When you get a house under contract, you will have control. Then you can wholesale it to another investor at a larger price or for a flat fee so they can purchase it. They take your place in the option, then close on the home, are responsible for repairing it and either keep it or sell it to someone else for a higher price. A real estate system like the one developed by Matthew Sorensen for real estate investing is a great no issue way to create quick cash using little or no money 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 strategy especially once you have a consistent program working for your business!

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