Wholesaling for Dummies

[Eric Piccione]

The way I understand Wholesaling, it is you go to a seller who is selling at 100k, you offer 80k, they accept. You then take a contract to a buyer you find (we buy houses) and say you can get them a property for 80k but you will charge them a finders fee of 10%. Is this about right or do I have some part of the process wrong?

[Amy Aziz]

Hi @Eric Piccione That is one way.  Wholesaling is pretty much buying at an under market rate and selling it for a profit. Meaning you can sell it with a finders fee or just mark up the property from 80k to 90k. I hope that helps