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We Offer The Best Wholesale Property Deals In Birmingham Alabama
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What is Wholesaling in Real Estate?
Wholesaling real estate is a great way to make money quickly. Wholesaling in real estate is finding real estate deals (properties) that can be purchased below market value and then flipping them (selling) to investors for a profit. The investor would then use their money and purchase the property from the seller.
Essentially the wholesaler flips the contract over to the real estate investor by assigning the contract over to them. Both the parties benefit as the wholesaler charges an assignment fee to the investor, and the investor gets a new investment property under market value.
Common Questions You Might Have on Wholesale Properties in Birmingham:
We've listed common questions investors might have on whole properties in Birmingham.
Is wholesaling the same as fix and flipping?
Wholesaling and fiix and flipping are similar in ways but are two different approaches to real estate investing. They are similar as they are both ways of making money with real estate; the wholesaler flips a contract and the investor flips a house.
In contrast the wholesaler sells the house in as-is condition and does notput any work in rennovation in to the property whereas the fix and flipper rennovates the property to resell it.
What does assigning a contract in wholesaling mean?
A wholesaler will find a house to purchase and sign a contract with the seller that gives them the exclusive rights to purchase the property at a specific price. The wholesaler then finds another buyer to reassign the contract to at a higher price.
How to find fix and flip property deals in Alabama?
Finding fix and flip properties can be challenging. However, you have come to the right place as we can provide you with fix and flip properties. Just fill in the form above!
Do wholesalers purchase or own the house they are representing?
No, wholesalers do not own the property but rather act as a deal facilitator between the seller and the buyer (investor).
Is wholesaling illegal in Alabama?
No, wholesaling is not illegal. The wholesaler must be specified in their verbiage in their contracts, however.