Is D.R. Horton the biggest real estate wholesaler?

[Mike Schorah]

D.R. Horton is one of the biggest home builders in America. Sometimes they’ll buy contracts to buy pieces of land and sometimes they’ll decide through inspection “it’s not good enough for us”. They’ll assign that contract to buy a piece of land to other people and they’ll legitimately make million dollar assignment fees. All legal.

I think the market cap is worth $30 billion dollars and they wholesale houses. That corporation.. And they make a good amount of money doing it too. They’re not wholesalers per se, but they make a ton of money doing it. 

If you think a $30 billion dollar corporation is going to be okay with wholesaling being illegal—no they’re not. That’s the reason why they don’t ban wholesaling. It’s because corporations like that would never stand for it.