Explanation of Wholesaling

[Breland Almadova]

Can someone please explain wholesaling to me as if it were in a “Wholesaling for Dummies” book? Please.

I hear it over and over again on all the BP podcasts and still can’t understand it. Hopefully information in writing will help.

Thank you!!!

[Allan Smith]

Wholesaler signs a contract with seller to buy that house. He then assigns this contract and his right to buy it to another investor. That investor pays more than the contract price, so the difference between the two contracts becomes the wholesaler fee and thus profit.