Dummy Newbie...

[Bryan P.]

I never heard of wholesaling before I started reading this forum a few weeks ago.

Please make this simple for me because I don't understand the intense real-estate jargon!

So a wholesaler is an unlicensed "middleman" who has a buyers list in their hands. The middleman wholesaler then finds properties for this buyer.

Does the wholesaler middleman buy the property? If so, how do closing costs not kill the wholesaler? Likewise, how do holding costs not do the same?

[Mike G.]

I don't mind working with the "middleman" at all. A wholesaler can save me the time of having to locate properties, evaluate them, and make a lot of offers. As long as I can make good money on the property, I don't mind paying a wholesaler fee.