Many of the Time Tested Methods for Flipping Houses and Assigning Options
There are different descriptions that people mention for flipping. Some refer to it as actually getting a loan for a property, then quickly renovating it to resell it. This is an option you can apply but there are also additional financial risks that can be an issue, particularly in flat or lingering markets.
When we discuss flipping, we are talking about securing homes at a discount 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 cost effectively and assigning them at a discount to another person or rehabber; thus the term wholesale. For additional details on lingo, when you assign a house to another investor, this just means you are offering the right to them to take ownership of the home directly from the property owner.
When you get a house under contract, you will have control. Then you can pass it on to another rehabber 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 property, handle repairing it and either keep it or sell it to another person for full price. A program like the one developed by Matthew Sorensen is a great no risk strategy to create fast money using little or no cash or other banking 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!
