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What is wholesaling real estate

  • Street: California, USA, 90033
  • City: California
  • State: California
  • Country: United States
  • Zip/Postal Code: 90033
  • Listed: March 26, 2024 10:16 am
  • Expires: 1 day, 5 hours
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Description

Real estate involves finding and purchasing properties below market value and then selling them to other investors for a profit. This investment strategy typically involves finding motivated sellers who are willing to sell their property for less than its market value due to various reasons such as financial difficulties, divorce, relocation, or property in need of repairs. The wholesaler then enters into a contract with the seller to purchase the property and then quickly resells the property “as is” to another buyer who is often a fix and flipper or a rental property investor. The wholesaler earns his or her profit by selling the contract at a higher price than the purchase price, often referred to as the assigned contract or assignment fee. Wholesaling real estate can be a lucrative investment strategy for those with a deep understanding of the local real estate market, excellent negotiation skills, and the ability to find motivated sellers and buyers. However, success in wholesaling real estate also requires fundamental knowledge of real estate investing, contracts, and financing options.

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Listing ID: 436602a071e12ed

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