Wholesaling real estate is a process of buying and selling properties, often without making any significant improvements to them. In this practice, real estate wholesalers identify potential deals, contract them with the seller, and then assign or sell the rights to that contract to a buyer. Wholesaling is often used as a method for investors to acquire properties at discounted prices and then resell them to other investors or end buyers for a profit. While wholesaling real estate can be profitable, it requires a deep understanding of the real estate market, effective negotiation skills, and due diligence to identify profitable deals.
Posted on 04/19/24
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