what is wholesale real estate

Best answer

Wholesalerealestateis distressed property that is put under contract by one real estate investor, then assigned or transferred to another investor.

People also ask

  • What is real estate wholesaling?

  • Real estate wholesaling is a business venture wherein a wholesaler enters into a contract with a property owner and then assigns the contract to an end buyer for a profit. The wholesaler makes a profit when the buyer agrees to pay more than the sale price promised to the seller.

  • How does a real estate wholesaler make money?

  • He makes a profit by finding a buyer willing to purchase the home at price higher than the amount agreed upon by the buyer. The difference in price攑aid for by the buyer攊s the profit, retained by the wholesaler. Wholesaling real estate is best suited for people who want to get into the business, but don’t have the finances.

  • Is wholesale real estate a good business model?

  • Wholesale real estate can be a good way for people with strong negotiating and networking skills to get into the real estate business. The process of wholesaling real estate requires a lot of time spent researching, making connections, and putting a deal together, but does not require a lot of money.

  • 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.

    Similar Posts

    Leave a Reply

    Your email address will not be published. Required fields are marked *