Wholetail vs. Cosmetic Flip vs. Full Rehab
Once you get a property under contract there are several ways you can go with it, depending on that specific property and the market.
You can wholesale it, which means you never actually take ownership of it. You're basically assigning that contract to another investor who will do whatever she wants with it. Now, if you're doing a double closing, then you are sitting on title for split second between each closing. That's not for the conversation, though. (Check out that episode here https://www.buzzsprout.com/484195/1956532)
The three routes you have with a fix and flip are: wholetailing it, doing a cosmetic flip or a full rehab.
In this episode, I'm defining these 3 strategies, outlining the pros and cons, and when to use each one.
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