The real estate market has heated up, and the competition is greater than ever before if you’re a real estate wholesaler out there looking for motivated sellers. The days of sending yellow letters to a big list of absentee owners and getting your phone ringing off the hook is a thing of the past.
Wholesaling Real Estate is what we're all about at The Wholesalers Toolbox, so it would be appropriate in our first blog post to explain what "wholesaling houses" means. Often referred to as "flipping houses" or "flipping contracts," wholesaling is simply putting a house under contract and immediately assigning that purchase contract to another buyer (typically another real estate investor). Wholesalers do not repair, fix up, or renovate the house in any way, shape, or form.