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What is wholesaling real estate

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What is wholesaling real estate
Wholesaling real estate is a strategy used by real estate investors who aim to make money by finding properties that are undervalued or distressed, and then quickly selling them to other investors for a profit. In this process, the wholesaler acts as a middleman between the seller of the property and the buyer and earns a fee for their services. Typically, the wholesaler will first locate a property that they believe can be purchased below market value. After securing the property with a contract, they will then market it to other potential investors who are looking for a good deal. The wholesaler will then assign the contract to the buyer, who will take over the purchase of the property and pay the wholesaler a fee for their efforts. It is important for individuals interested in wholesaling to have a good understanding of the local real estate market and be able to accurately identify undervalued or distressed properties that can be quickly sold for a profit.
Posted on 03/22/24

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