

Real estate wholesaling? Care to explain?It pays to be broke around tax time....I'm getting a DSLR camera and starting my real estate wholesaling business....gotta make that money dance![]()
Basically the middle man....you find an owner who's selling or wants to sell their house and match it with a cash buyer.....basically if you negotiate and agree to buy a house from a seller for $30,000...you get them under contract and put the closing date 1-2 weeks out, once the contract is signed you list it or send the info to your list of buyers for $35,000.....once you find a buyer and close you get a check for the difference which is $5000 and go straight to the bankReal estate wholesaling? Care to explain?

Basically the middle man....you find an owner who's selling or wants to sell their house and match it with a cash buyer.....basically if you negotiate and agree to buy a house from a seller for $30,000...you get them under contract and put the closing date 1-2 weeks out, once the contract is signed you list it or send the info to your list of buyers for $35,000.....once you find a buyer and close you get a check for the difference which is $5000 and go straight to the bank![]()
That's the thing....you want to negotiate a deal that will attract a buyer...if not just leave it alone. You gotta make the seller realize you're doing them a favor by getting their house under contractOk I see... What happens in the event you don't get quick buyer...which will happen realistically? Just be prepared to sit on the house for a bit before cashing in.....
Good luck with this..... Update us later on this yearThat's the thing....you want to negotiate a deal that will attract a buyer...if not just leave it alone. You gotta make the seller realize you're doing them a favor by getting their house under contract
Definitely willGood luck with this..... Update us later on this year
