Wholesaling real estate is a strategy employed by real estate investors to facilitate the transfer of properties from sellers to buyers without actually taking ownership of the property themselves. In this process, the wholesaler acts as an intermediary between the seller and the end buyer, essentially serving as a middleman. Wholesalers scout for distressed properties or motivated sellers who are willing to sell their properties below market value. These properties are often in need of repairs or have other issues that make them less desirable to traditional buyers. Once a potential property is identified, the wholesaler negotiates a contract with the seller to purchase the property at a discounted price. This contract is usually assignable, meaning the wholesaler can transfer the rights to purchase the property to another buyer.