What is Wholesaling?

Concept: Wholesaling involves contracting a property at a discounted price and then selling the equitable interest in the contract to another investor for a fee. The wholesaler connects distressed sellers with investors looking for deals, acting as the “connector” rather than the end buyer.

Two stages:

(1) Acquisition – scouting properties, negotiating purchase contracts

(2) Disposition – marketing the contract to cash buyers, selecting the highest bid, facilitating close.

Both stages require different skill sets and personalities