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Wholesaling real estate involves acquiring a contract for a property and then selling that contract for a higher price before the closing date. By assigning the contract to an end buyer, wholesalers receive a fee for their efforts in finding and securing the property under contract. Flippers often rely on wholesalers as they are too busy sourcing their own contracts, which requires a significant amount of time and energy in sourcing, negotiating, and securing a property at a good price.
