As I’ve mentioned before, we buy many of our projects from wholesalers. Wholesaling is essentially a three-step process:
- Sign a contract to buy a house with a motivated seller.
- Market that contract (not the house) to the investors you know who might be looking for a deal.
- Collect your assignment fee (definitely not a commission) when you assign the contract to the end buyer.
But why would you want to assign the contract instead of renovating the house yourself?
- Risk mitigation