What is Real Estate Wholesaling or Quick Turn and Flipping?
Real estate wholesaling is the process of locating and purchasing properties at a bargain price and reselling them to individuals who commonly either flips and sells the property or retains the property for rental purposes. The wholesaler can pocket a nice “finders fee” you might say up to $15,000.00 dollars in some cases but generally averages around $5,000.00. Still this is a very healthy profit and when you can turn over bargain homes in a short period of time you can imagine how much profit one has the potential of making in a years time.
