What is real estate wholesaling? In most cases,real estate wholesaling doesn involve buying or selling houses. Instead,a real estate wholesaler sells contracts with the right to buy a property to a third party?typically a cash buyer or real estate investor. Wholesalers collect a fee for their work.
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What is a wholesaler in real estate?
The wholesaler contracts the home with a buyer at a higher price than with the seller, and keeps the difference as profit. Real estate wholesalers generally find and contract distressed properties. Unlike flipping, a real estate wholesaler doesn’t do any renovations or additions, and carry no costs.
Is wholesale real estate a good investment?
However, for buy-and-hold real estate investors, purchasing wholesale real estate may be a good way to find off-market properties at an attractive price.
What is a wholesale real estate purchase agreement?
The wholesaler (you) and property owner (Mr. Seller) agree to the price and you place the property under contract with a real estate purchase agreement.