There are other descriptions that people refer to for flipping. Some discuss it as actually getting a loan for a property, then quickly renovating it to resell it. This is a strategy you can do but there are also additional financial risks that can be an issue, particularly in down or lagging real estate markets.

So when we mention flipping, we are talking about securing homes at a discount and then assigning (or flipping) them to another buyer for a speedy profit. While we talk about Wholesaling real estate, we are basically mentioning finding houses inexpensively and assigning them inexpensively to another investor or rehabber; thus the term wholesale. For more clarification on terminology, when you assign a home to another investor, this just means you are giving the right to them to take ownership of the house directly from the home owner.

Once you get a home under contract, you will have control. Then you can pass it on to another investor at a larger price or for a flat fee so they can close on it. They take your place in the contract, then take ownership of the property, handle renovating it and either keep it or sell it to an end buyer for a higher price.

Wholesaling houses is a great no issue way to create fast money using little or no money or other banking techniques. Since you have neither of these limitations you can also do as a many as you want making flipping houses a good cash flow system especially once you have a reliable revenue model working for you!

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