Wholesaling. Traditionally, wholesaling is a system of real estate investing in which a property goes from one investor to another.

In a typical wholesale deal, one investor purchases a property with hard money or cash, does minimal rehab work, and then sells the property at a below-market price to another investor, who also pays with hard money or cash.

An alternate method for wholesaling involves one investor entering into a contract to purchase a property and then assigning for a fee that contract to another investor. The second investor then purchases the property with hard money or cash. This type of wholesaling is also known as “bird-dogging.”

Wholesaling does not involve ultimate owner-occupants or traditional lender-financing.

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