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December 03, 2008
Wholesaling for quick cash is a relatively risk-free real estate investment strategy. There are four steps to wholesaling real estate. The first step requires locating property owners who are highly motivated to sell their real estate. Step two involves negotiating the purchase price. Step three involves placing the property under contract. Step four requires locating a real estate rehabber or investor to purchase the contract.
In essence, wholesaling for quick cash is a form of house flipping. The primary difference is when buyers purchase real estate for wholesaling purposes they do not have to rehab the property. Instead, real estate is purchased significantly under market value and sold to a property rehabber.