Many people get confused about what the difference in between flipping houses and wholesale real estate. Sometimes the two terms can go hand in hand, but for the most part they are understood differently. If you are an active real estate investor, perhaps you have already accomplished both strategies and didn’t even know it!
Let’s first talk about how to wholesale real estate and what that means. Wholesaling real estate in when you get a property under contract and either assign that contract for an assignment fee or do a double close. This exit strategy is also used with Options. When you hear people saying that the flip houses, that generally means that they have purchase a property under value, fixed it up by making improvements and then resold it to an end buyer. Usually a homeowner. Here is a short clip below that can show you some of the strategies!