The Concept of Wholesaling

[Tyler Jahnke]

Hello BP!

I'm fairly new to real estate investing and I'm still trying to completely wrap my mind around WHOLESALING. From what I've picked up, can you confirm I'm understanding:

In a nutshell: Wholesalers market themselves well to pick up heavily discounted property, which then they turn around quickly (for a profit markup) to another investor/buyer (potentially looking to renovate/flip it themselves)?

Are they really just a "middle-man" between a seller and investor?

Do they just exist for the investor who doesn't have time or expertise to look for a cheap property themselves?

Why else don't investors just find the cheap properties themselves without having to pay the wholesaler?

Thanks! You guys are awesome!

-Tyler