Recognizing the Right Methods for Assigning Properties and Assigning Options
There are different descriptions that people talk about for flipping. Some talk about it as actually buying a property, then quickly rehabbing 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 down or lingering areas.
So when we talk about flipping, we are talking about tying up properties inexpensively and then assigning (or flipping) them to another buyer for a speedy profit. When we mention real estate wholesaling, we are basically discussing finding properties inexpensively and assigning them inexpensively to another investor or rehabber; thus the term wholesaling. For further details on lingo, when you flip 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 owner.
Once you get a house under contract, you will have control. Then you can pass it on to another investor at retail price or for a flat fee so they can take ownership of it. They take your place in the agreement, then buy the home, handle renovating it and either keep it or sell it to someone else for full price. A method like the one taught by Matthew Sorensen for real estate investing is a great no issue strategy to create fast money 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 real estate wholesaling a great cash flow option especially once you have a constant revenue model working for your business!
