Key takeaways
- Wholesaling needs little capital.
- Flipping needs rehab skill + capital.
- Wholesale fee $5–25k per deal.
- Flip margin $25–60k per deal.
- Wholesale = lead gen; flip = execution.
Core concepts
Wholesale
Contract assignment — find deal, sell to investor.
Flip
Buy, rehab, sell.
Bridge
Many flippers start as wholesalers.
Step-by-step framework
- 1Decide based on capital + skill.
- 2Wholesale first if learning.
- 3Flip when capital + team ready.
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Common mistakes to avoid
- Wholesaling without legal entity.
- Flipping before learning underwriting.
Frequently asked questions
Wholesale legal?
Yes if assignment, not double-close in most states.
Wholesale fee?
$5–25k.
Capital for wholesaling?
Marketing budget only.
Bridge to flipping?
Yes — 1–2 years typical.
Action checklist
- ☐Strategy decided.
- ☐Legal entity formed.
- ☐Marketing or capital lined up.
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