Wholesalers typically make smaller profits but buy and sell properties in large quantities. They may buy 50 homes at a time from a bank and then sell them for a small markup to move them quickly and do it again.

A more common wholesale approach among creative real estate investors is to secure properties with no money down and do a "quick flip". Typically the property, or owner must be distressed in some way for the deal to make sense.

Wholesalers work on some sort of distress either by the owner or the property. Distress can come in many way such a s divorce, job relocation, unemployment, severe damage to the property etc... Once a propery is gained at a significant discount the buyer quickly sells at markup of the buying price. Typical amounts range from $5,000-$15,000

Flipping is buying an under priced property and then quickly reselling it at market value. Homes are typically sold below value by uninformed sellers or those in distress (like job loss or foreclosure). Often a property is sold under market value because it is a "fixer upper". Sometimes they require very little such as paint and carpet and other times they have mold, asbestos, or foundation issues. These inherently hold more risk and more work, and therefore often have substantial profits.

While there have been many seminars on the virtues of flipping, in reality, few people earn a profit from flipping and for all practical matters, once the market burst, flipping became a 'dinosaur', unused process.

We have several properties that are waiting for an investor!!!!!!!!!!!!!!!