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Wholesaling real estate involves acquiring a contract to purchase a property at a certain price and then selling that contract to someone else for a higher price. By assigning the contract, you transfer the responsibility of purchasing the property to the new buyer, who pays you a fee for the convenience. This is beneficial for flippers who are too busy to find and negotiate their own contracts. Sourcing properties and negotiating prices can be time-consuming and energy-intensive, making wholesaling a more efficient option for some investors.
