Real Estate Consultant · USA · Member since 2014 · 1k+ posts · 751 votes
7y
1. Wholesaling is usually finding undervalued properties and putting them under contract and then assigning them to someone who is going to fix and flip the property. These properties typically need repair work and should be acquired at a big discount.
2. Lease option assignment is putting a property under a lease option contract and then assigning it to a tenant buyer. These properties don't usually require any repair work.
Both sellers are motivated for different reasons but ultimately they can't find a buyer. The big difference is the condition of the property.
In your marketing, you are always looking for motivated sellers then rehabbers or tenant buyers.
Which is better is a personal choice depending on your goals. Also, which is easier to find and market.