what is real estate wholesaling
Short-term investing strategy
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How does real estate wholesaling work?
Here an example of how real estate wholesaling works: First, a wholesaler finds someone who agrees to sell their property at a discount. Let say the seller wants $90,000 to sell their property. The seller enters into a purchase agreement with the wholesaler, but the wholesaler doesn buy the property outright.
Is wholesale real estate right for You?
The wholesaler acts like an intermediary, selling the property on behalf of the property owner and keeping the profit. Wholesale real estate can be an effective way for new investors to break into the real estate market without investing significant capital. Keep reading to learn how real estate wholesaling works and whether it right for you.
How does a wholesaler purchase a property?
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.
How much does it cost to wholesale real estate?
The wholesale fee received when the real estate contract is assigned to another investor varies based on the wholesaler and the specific property, but might range between $5,000 and $10,000 or between 5% and 10% of the property value.