Many of the Time Tested Methods for Assigning Houses and Flipping Real Estate
There are other definitions that people refer to for flipping. Some refer to it as actually purchasing a property, then quickly repairing it to resell it. This is an option you can apply but there are also many financial risks that can be a concern, particularly in down or lagging areas.
So when we refer to flipping, we are talking about controlling homes cost effectively and then assigning (or flipping) them to another buyer for a speedy profit. When we discuss real estate wholesaling, we are basically discussing finding properties cost effectively and assigning them at a discount to another person or rehabber; thus the term wholesale. For more details on terminology, when you flip a property to another person, this just means you are passing on the right to them to buy the property directly from the property owner.
When you get a property under contract, you will have control. Then you can pass it on to another individual at retail price or for a flat fee so they can purchase it. They take your place in the agreement, then buy the property, handle repairing it and either keep it or sell it to someone else for a larger price. A system like the one created by Matthew Sorensen for real estate investing is a great no issue system 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 system especially once you have a steady system working for your business!