Why Do Rehabbers Buy from Wholesalers?
By Pierre Mouchette | RPE BITS
The concept of buying wholesale is not new. It has been around for thousands of years and applies to almost every business. In real estate, the same principle applies. Houses in good condition are listed on the MLS. They are sold to traditional buyers with traditional financing and are referred to as retail properties. However, homes that need work and are purchased from motivated sellers at a discount are referred to as wholesale properties.
Like other types of businesses, some specialize in wholesaling properties, and others specialize in rehabbing properties. Rehabbers (investors that intend to fix up and sell property retail) often get their deals directly from wholesalers instead of trying to find a deal on their own.
People unfamiliar with buying wholesale often wonder why a rehabber would want to buy from a wholesaler. Again, it is no different from any other business. It all comes down to four simple factors:
REAL PROPERTY EXPERTS
The Standard Info-Source For Real estate Investors
©2018–2023 Real Property Experts All Rights Reserved
Our Website Family:
Real Property Experts (this site)
THE SYNCHRONICITY INVESTOR (Life, Life-Health, and Enviro information)
TSI-BizSense (purchase products and services online)