Wholesaling is a nickname used to describe a type of real estate investing or transaction where the investor buys and sells an interest in the property without holding it.
Wholesalers typically use a double close or an assignment of the contract to sell the property.
- Wholesaling is a short-term strategy that an investor can realize benefits from quickly. - It does not require a large pool of capital to get started in wholesaling.
- By selling the properties without holding them, wholesalers short-circuit one of the best ways to build wealth in real estate.
You need a big picture skillset than just negotiating contracts with sellers. You need to see the end-use and work backward from there.