A short YouTube monologue (by Chris Larsen) clarifying that wholesalers do not sell properties but instead market and transfer contracts (sale contracts or lease options). The speaker explains methods for moving contracts to buyers — assignment, lease-option assignment, or double closings — and emphasizes marketing the contract rather than implying property ownership.
One of the main thing you have to understand, because I know there is a lot of bad rep about wholesaling is that you are not selling properties, okay? You are not an owner on the property. What you do is you come across an owner. Like I said in the example earlier, you get an owner that you're willing to talk to. It gives you a contract, either a sale contract or a lease option. You can do it with both. And then you're going to sell the contract to somebody. You can assign the contract, you can assign the lease option. You can do it what they call a double closing, where you actually close, but you close on the contract, not closing and you're not selling the property. So when you go out there and market your market a contract, I never say I'm marketing a property because that's not what I'm doing. I don't own the property.
