A wholesaler is someone who gets a distressed house under contract and then sells that contract to another investor who will do the rehab and either sell the finished product or sell it to a retail buyer. Wholesaling is the least risky part of the renovation business, but it’s still fairly easy to screw it up.
The easiest way to screw it up is to diss your intended buyer buy not understanding what they need. It’s okay to blast out an offering to a thousand potential buyers knowing that it won’t fit some of their buying criteria. It’s not okay to expect your potential buyers to do your work for you.
You know what a renovator who has six projects going right now doesn’t have a lot of? Continue reading