A real estate wholesaler

A real estate wholesaler is someone that purchases or takes control of properties that have a lot of equity in them and sells the properties to investors for a profit.? Just like a wholesaler of washing machines the MBT Salama wholesaler is trying to sell his products to retailers, rehabbers, investors and in some cases to the end consumer.? The real estate wholesaler will always have some financial obligation in the properties.? The wholesaler may have purchased the property outright or will have purchased an option on the property to purchase the property at a specified price by a specific date.? If no money has changed hands then you are MBT Ema Sandals, not a wholesaler, you are considered to be a bird dog or a jobber.

Where do wholesalers find properties?Fundamentally a wholesaler is looking for properties that have a lot of equity, and for some reason the seller are selling the property below market value.? These could be homes that are in foreclosures, tax sales, bank sales, MBT Habari, builders, tired landlords, estate sales and inherited properties with out of area owners and so on.

Foreclosures:

Foreclosures are properties that banks and mortgage companies have made loan on for but the owner of the property is unable or unwilling to continue to making payments.? The lending companies usually have worked with the home owner for a number of years trying to resolve the financial problem.? The mortgage will be several thousands of dollars in the arrears and the home owner is about to have his credit severely impacted.? If the property has gone into the foreclosure process the time available for the wholesaler to close the deal is only from a few days to a few weeks.