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Author Topic: What is this called?  (Read 1581 times)

Offline mrscea

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What is this called?
« on: June 16, 2005, 12:02:06 pm »
 I want to buy a house, one that is in good condition so I won't have to do anything with it..........then I want to turn around and resell it........as soon as a can........for a profit of course.

Is this flipping, wholesaling just investing?

Thanks for your help
 
Cheryl :D

Offline rbw

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Re:What is this called?
« Reply #1 on: June 16, 2005, 12:10:13 pm »
I am somewhat new but from what I have gathered:

Wholesaling is when you reasign the property to an investor for a quick profit.

Flipping is if you buy then resell at retail.


Ron

Offline JaredfromIndiana

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Re:What is this called?
« Reply #2 on: June 16, 2005, 12:46:02 pm »
This situation is definitely a FLIP.  Good luck

 




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