Tommy Dobczyk explains why wholesalers can legally profit from deals without owning property. They sell the contract, not the house. A wholesaler finds a deal at auction, pre-qualifies a buyer, and sells the agreement itself.
Are you coming to The Deal Room? It's like doing something a little outside the box. Is it legal? No. Like, you can't sell property you don't have legal title to or that you don't have legal right to. This is why a wholesale contract is important, because that contract is what you're selling. You're not selling the house, you're selling the deal to the house. And what this guy's doing is he has access to this house through the auction, and what he's trying to do is he's trying to pre-qualify a buyer for it before he goes to the auction, right? And so why this clicked in my head was because I used to go to auctions all the time.
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