Nathan Payne explains real estate wholesaling: a wholesaler signs a contract to buy a house for $100,000, then assigns it to an investor for $120,000 and keeps the $20,000 difference. The wholesaler acts as a middleman between sellers and investors.
I sign an agreement directly with you. Wholesaling, all it is, is it's us taking that agreement and wholesaling and assigning your contract, the rights to purchase that contract, to someone else for a fee. So I could, if you're an investor, I can say, hey, I have a contract, I have this house, I'm going to buy it for $100,000. But if you want it for $120,000, I'll sign it to you for $120,000. And then you can buy it for $120,000.
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