what is real estate wholesale
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.