26th Apr 2009

Using the Right Methods for Flipping Houses and Assigning Real Estate

There are various meanings that people mention for flipping. Some refer to it as actually paying for a property, then quickly rehabbing it to resell it. This is an option you can implement but there are also many financial risks that can be a problem, particularly in down or lagging real estate markets.

When we discuss flipping, we are talking about tying up houses cost effectively and then assigning (or flipping) them to another buyer for a quick profit. While we mention real estate wholesaling, we are basically talking about finding houses inexpensively and assigning them at a discount to another person or rehabber; thus the term wholesale. For more clarification on terminology, when you assign a house to another individual, this just means you are giving the right to them to purchase the property directly from the seller.

After you get a house under contract, you will have control. Then you can assign it to another person at a higher price or for a flat fee so they can buy it. They take your place in the agreement, then take ownership of the property, handle repairing it and either keep it or sell it to someone else for a larger price. A method like the one developed by Matthew Sorensen for real estate investing is a great no issue way 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 consistent system working for you!

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