In real estate, a wholesaler is a type of investor who specializes in finding properties that are undervalued or distressed, getting them under contract, and then selling the contract to other investors at a higher price. Wholesalers typically do not buy properties themselves, but instead make money by receiving assignment fees from the end buyers who actually close and pay the seller the agreed-upon purchase price. The process of wholesaling typically involves the following steps: 1) Finding properties that are undervalued or distressed: Wholesalers use various methods to find properties that are priced below market value, such as searching for foreclosures, probate sales, or properties that are in need of repairs. 2) Securing the right to purchase the property: Once a property is found, the wholesaler will typically enter into a purchase agreement with the seller, with the intention of reselling the agreement to another investor. 3) Finding a buyer: Wholesalers will then try to find an investor or end-buyer who is interested in purchasing the property. 4) Closing the deal: Once a buyer is found, the buyer and the seller close on the deal and the buyer pays a fee (the “assignment fee”) to the wholesaler. Wholesaling can be a great way for real estate investors to make money quickly, but it also requires a good understanding of the market, and the ability to find properties that are undervalued and to market them to potential buyers. DISCLAIMER: please note that the information contained in this video is for educational and entertainment purposes only. You should always consult your own attorney and your own financial and tax advisors before making any legal or financial decisions. This video is not intended to and does not create any attorney-client relationship between the content creator and the viewer. The views and opinions expressed in this video belong solely to the creator and do not reflect those of his law firm or any of his business partners. Affiliate / Video Links and Free Giveaways: Sign up for a Roofstock account with my affiliate link here: http://roofstock.3k3q.net/c/2953139/995437/8853 My favorite tenant screening service (RentPrep.com): http://bit.ly/RentPrepAffiliate - sign up for a free account - have your applicants pay for tenant screening directly to the site - no more need to collect application fees Watch my review and tutorial here: https://youtu.be/rNRq9BBOXuY Best platform for finding off-market real estate deals (PropStream.com): https://trial.propstreampro.com/succeedrei/ - sign up for a free 7-day trial to test it out! - tons of features for finding and marketing to motivated sellers and cash buyers Watch my review and tutorial here: https://youtu.be/ua3zjhrvgzs Rental property analysis video playlist: https://www.youtube.com/watch?v=4Y5fU8-6w6Y&list=PLfDCjb-_0b5agehtuIf3HApx81raltz1a My free sample rental application: https://mailchi.mp/3050a8472b29/sample-rental-application Watch the video here: https://youtu.be/zevuffnyyRc ---------------------------------- Instagram: https://www.instagram.com/succeed_rei/ Facebook pages: https://www.facebook.com/SucceedREI/ https://www.facebook.com/serenity518/ LinkedIn: https://www.linkedin.com/in/vitaliyvolpov/ TikTok: https://www.tiktok.com/@succeedrei?_t=8VnPddv1wkt&_r=1 Attorney Profile: https://www.woh.com/attorneys/79/vitaliy-volpov/ My blog: http://www.succeedrei.com My real estate brokerage: https://www.serenityrealestate518.com/ -------------------------------------