In real estate, do wholesalers actually buy the distressed property?
I'm trying to look into Wholesaling, but I'm a little confused. Does a wholesaler buy the property with his/her cash and owns it temporarily while he/she finds a rehabber/investor that will buy the property for a higher price? Does he/she find funds from a private lender in order to fund the deal first? Or does the wholesaler just put it under contract "pretending" or "lying" that he/she is buying the property when in reality he/she will assign it to an end buyer?? How does it really work??