Real Estate wholesaling is a specialized method for buying in every real estate market. Some might refer to this as flipping houses. The process involves negotiating a discounted purchase price on a property, and signing a contract with the seller. Once the wholesaler and the seller agree and after all the contract has been signed, the wholesaler can assign his interest in the property to a new buyer for a fee.
Buyer of a real estate wholesale deal are typically a landlords or rehabbers. Rehabbers rely on wholesalers to located distressed properties for them at discounted prices so they can focus more on their business model.