What is wholesaling real estate?

Wholesaling real estate refers to the practice of finding and connecting motivated sellers with interested buyers in the real estate market. It involves a real estate wholesaler acting as an intermediary, typically not intending to own the property themselves but rather facilitating the transaction for a fee or profit. The wholesaler identifies distressed or undervalued properties, negotiates a deal with the seller, and then assigns the contract to a buyer who is willing to purchase the property at a higher price. This allows the wholesaler to profit from the difference between the contract price and the higher selling price, without actually owning or investing in the property. Wholesaling real estate can be a lucrative strategy for those with knowledge of the local market and the ability to find and connect buyers and sellers efficiently.

This mind map was published on 11 September 2023 and has been viewed 80 times.