What Is Whole Sale?

what is whole sale and can someone possibly walk me though the process?

pucx

Comments(4)

  • jeff120023rd March, 2004

    Wholesale, not retail. Pretty simple concept. In this case, It's locating deeply discounted properties, getting them under contract and/or buying them, and passing them for a profit to other investors, or retail buyers.

  • jbinvestor3rd March, 2004

    Someone can walk you yhrough the process, but not on here...I was looking for the same thing when I came here. If you wanna be walked through the process you're going to have make connections and learn from someone who does it.
    I bought a course on the subject on this website, which is another way. Then when I come across something I'm not too sure on or the course doesn't get into enough for me, I come on here and post my questions to many Investors who can answer it for me. Works pretty good for me.

    Hope that helps, or points you in a direction to where you want to go.

    JB
    [addsig]

  • pucx4th March, 2004

    ok theres 2 things i want to know... if i were to get the book of which you speak would i have some "coach" calling me up?

    im currently being bothered by 2 for the tax lien/deed process and they are REALY annoying me!

    and how cheap is cheap?

    thanks!

    pucx

  • Birddog14th March, 2004

    "cheap" is usually 65-70% of the fair market value of the home. Most wholesalers, look for properties that are 50 cents on the dollar. They get a 100k house for 50k, they sell it for 60-65 to a rehabber or investor, who will fix it, and sell it for full market value

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