what is a wholesaler in real estate

what is a wholesaler in real estate

2 years ago 102
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Real estate wholesaling is a short-term business strategy that investors can use to make quick and steady income in the real estate market. In real estate wholesaling, a wholesaler puts a sellers home under contract and then finds an interested investor to buy it. The wholesaler assigns their rights in the contract to the buyer at a higher price than the price contracted with the seller and keeps the difference. Real estate wholesalers generally deal in distressed properties, which are usually homes that are in default, being foreclosed upon, "real estate owned" (REO), or otherwise being sold to settle a debt. Wholesalers take on the role of middleman to match investors/buyers with sellers. Unlike flipping real estate, a real estate wholesaler doesnt make any renovations and carries no costs. Real estate wholesalers are middlemen who bring together homeowners of distressed houses and investors who want a below-market real estate deal that they can make a profit on. Wholesale real estate offers beginners the opportunity to start investing in real estate with little or zero capital investment. With experience, wholesalers can get several deals working at the same time and make significant money.

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