What is the difference between flip and whole sale?

[Nathan Havens]

I want to know the  different approaches into real estate without credit or money down...birdogging? fix flip whole sale? Im aware of need end buyer for this. 

[Paul Ewing]

You actually don't have to do anything to a flip, but most people do some improvements.  The big difference in a flip, you actually pay money (either yours or a loan) at closing and  take possession of the house for some period of time usually several weeks to months and then resell it.

In wholesaling, you either assign your right to the contract for a fee to the end buyer and they close the deal, or you do a double close where you buy the house in one office then run to the office down the hall and sell the house immediately to the end buyer or the equivalent within minutes or maybe an hour or so.