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Updated almost 8 years ago on . Most recent reply
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Wholesaling Craigslist Properties
I have used Craigslist for many many things, and I quickly realized Craigslist is full of fixer-uppers and people seeking cash buyers for their real estate. But it almost seems like the fruit hangs TOO low. Why don't I hear about people wholesaling these properties? I know investors can see these just as easily, so shouldn't there be some sort of first-to-the-finish race to tie up these "easy" finds?
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Mindy is correct that you can definitely double close - in this way you are actually buying the property that you have a contract on, or you can become a realtor. The issue is the newbies are trying to wholesale properties vs. selling their contract on a property. There is a discussion about this very topic in OH. PM me if interested.