There are many definitions that people refer to for flipping. Some talk about it as actually buying a property, then quickly repairing it to resell it. This is an option you can do but there are also additional financial risks that can be a problem, particularly in down or lagging areas.

So when we talk about flipping, we are talking about securing homes cost effectively and then assigning (or flipping) them to another buyer for a quick profit. When we refer to real estate wholesaling, we are basically talking about finding homes at a discount and assigning them inexpensively to another person or rehabber; thus the term wholesaling. For additional explanation on terminology, when you assign a house to another rehabber, this just means you are passing on the right to them to purchase the home directly from the property owner.

When you get a house under contract, you will have control. Then you can wholesale it to another individual at full price or for a flat fee so they can buy it. They take your place in the option, then buy the property, take care of rehabbing it and either keep it or sell it to another person for a higher price. A system like the one developed by Matthew Sorensen for real estate investing is a great no issue system to create fast money using little or no cash 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 option especially once you have a dependable program working for your business!