Company description
Wholesale real estate is a strategy in the real estate industry that involves purchasing properties at a discounted price and then reselling them to other investors or buyers at a higher price. Unlike traditional real estate transactions, wholesalers don't typically intend to own or hold onto the property for an extended period of time.
Wholesalers act as intermediaries, using their knowledge, negotiation skills, and industry connections to locate distressed or undervalued properties. They negotiate favorable deals with motivated sellers, often motivated by factors such as foreclosure, financial difficulties, or a desire for a quick sale.
Once a wholesaler has secured a property under contract, they then market it to potential buyers, usually other investors or rehabbers. They typically offer the property at a price that allows the buyer to make a profit after making necessary repairs or renovations.
