Many of the Right Methods for Assigning Properties and Assigning Real Estate
There are many definitions that people discuss for flipping. Some refer to it as actually paying for a property, then quickly renovating it to resell it. This is something you can implement but there are also additional financial risks that can be an issue, particularly in soft or lingering areas.
So while we refer to flipping, we are talking about tying up houses cost effectively and then assigning (or flipping) them to another buyer for a fast profit. While we mention real estate wholesaling, we are basically mentioning finding properties inexpensively and assigning them cost effectively to another individual or rehabber; thus the term wholesaling. For more clarification on terminology, when you flip a house to another person, this just means you are offering the right to them to purchase the property directly from the seller.
When you get a property under contract, you will have control. Then you can flip it to another person at retail price or for a flat fee so they can close on it. They take your place in the agreement, then take ownership of the property, are responsible for rehabbing it and either keep it or sell it to an end buyer for retail price. A system like the one developed by Matthew Sorensen for real estate investing is a great no risk strategy to create quick profits 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 system especially once you have a dependable program working for you!