Updated almost 13 years ago on . Most recent reply
Wholesale contract explanations
I'm new to the Wholesaling idea and have done a little bit of research. So far I have come across numerous articles saying how you "negotiate a risk free contract" with the seller, only to sign the contract off to the new buyer. I can't seem to figure out what the "contracts" consist of. I just see them saying that you find a rundown house, make the contract, then sell it to an investor? It seems simple but I guess I'm missing something. Any explanation and more would be very helpful. Thanks!
Most Popular Reply
Generally yes, and from what I have been able to learn about your situation it is an appropriate place for you to start.
I wouldn't say a lot of risk but there is certainly risk. Real Estate investing as a field is very risky. However the great thing about real estate is your risk is proportional to your knowledge. Real estate can be very low risk when you know what you are doing.