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General Real Estate Investing

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Chanel Realegeno
  • Real Estate Investor
  • SF Bay Area
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57
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29
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Brooke Shepherd
  • Residential Real Estate Agent
  • Colorado Springs, CO
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Brooke Shepherd
  • Residential Real Estate Agent
  • Colorado Springs, CO
Replied Nov 12 2006, 06:43

Are you meaning foreclosures? I haven't heard of wholesale houses before. What are those? shep

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Ryan Webber
  • Wholesaler
  • Amarillo, TX
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Ryan Webber
  • Wholesaler
  • Amarillo, TX
Replied Nov 12 2006, 07:30

Wholesalers normally do quite a bit of advertizing. I would call the "I buy houses" ads in your local paper, phonebook, and classifieds. You are sure to find a wholesaler or they might know of some.

I would also recommend joining your local REI club. There are sure to be wholesalers there, or atleast someone will know of some.

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Tom McGiveron
  • Residential Real Estate Agent
  • Moriches, NY
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Tom McGiveron
  • Residential Real Estate Agent
  • Moriches, NY
Replied Nov 14 2006, 10:04

shep,

wholesaling involves 3 parties...the seller, the assignor and the assignee (eventual buyer of property).

assignor contracts to purchase from seller...and then assigns the contract to an actual buyer who's going to actually purchase the property. assignor makes money basically from finding the property, tying i tup through contract and then by selling it (the contract) to a buyer.

make sense?