Same As Flipping?

First is wholesaling flipping? Can it be done in Los Angeles, is it an appropriate market?

Thanks all,
Investorgrl

Comments(2)

  • KyleGatton25th August, 2003

    Cant tell you about that city, but flipping is owning the property first, Wholesaling is selling before you buy. At least thats my take on it. If you do a search for either in the articles section at the top of this page it will give you a better understanding of the process and hopefully clear it up a bit.

    Good Luck,
    Kyle

  • jeff120022nd September, 2003

    Wholesaling is finding a property that is usually in need of repairs, really cheap and selling that property to another investor (Wholesale) for a small profit, let them handle the rehab, marketing, etc. to the end (Retail) customer. As opposed to doing the rehab and retail sale yourself. With regards to the LA area, if you are finding good enough deals, it won't be a problem passing bargains on to bargain hunters (Other investors). You can do this in LA.
    Jeff

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