Real estate wholesaling is a strategy where a middleman — the wholesaler — secures the right to buy a property and then assigns that right to an investor for a fee. While wholesaling can be a legitimate approach for moving distressed properties quickly, it carries specific risks for homeowners who don’t understand the contract terms or the timelines involved.
NovationKingRainmaker.com explains the basics: how an assignment contract works, typical timelines, who pays closing costs, and the difference between a true wholesale transaction and predatory practices. The site emphasizes the importance of reading contracts, asking for proof of funds, and seeking independent legal advice before signing.
We want you to be prepare so we are exposing the dangers.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.