Property flipping and wholesaling are other real estate investment strategies that can offer potential rewards, but also come with significant risks. Flipping involves buying underpriced homes, renovating them as cheaply as possible, and reselling them for a profit. Wholesaling involves putting a property under contract and then finding an investor to purchase it at a higher price, earning the wholesaler a fee. Both strategies require careful cost estimation, efficient time management, and the ability to navigate the complexities of the real estate market.