Wholesaling real estate is not a walk in the park.  Due to the constraints of the economy and the bad rap that bogus investors have given the business, it is getting harder and harder for an end buyer to get financed. 

When a wholesaler gets a property under contract, they normally sell the property to an end buyer by assigning the contract or receiving a fee from the end buyer to purchase directly from the seller.  But in some situations, such as a short sale, the wholesaler must purchase the property first in order to fulfill the arrangements made with the foreclosing lender.  This simultaneous closing transaction is structured something like this: Party A (lender/seller) sells to Party B (wholesaler), who in turn sells to Party C (end buyer) Read the rest of this entry »