/biz/ - Business & Finance

I'm not OP, but my dad had tons of business in real estate and I can answer most/some of these questions

>>1872862
Real Estate wholesaling is easy as shit. Basically, you find a property for a nice price, and try to sell it to someone else without ever getting your money involved.

Step 1: Find a well-priced estate
Step 2: Talk to the owner, ask for paperwork (Not in your name. I don't know how this part works specifically)
Step 3: Find an 'investor' willing to buy this house for more than what you bought for.
Step 4: Give the contract to the Investor, he signs it, pays your the money, you pay the house's previous owner the money they wanted, and you walk away with the deficit.

>>1872866
He carries the risk of not finding an investor, and obviously, it's rare to find a good amount of houses with good prices considering that there are TONS of wholesalers out there. TLDR to your answer: Unstable income, and sometimes you might have to take money from your pocket.

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Just realized that OP was answering, just not by tagging people. I don't want to delete this, so I'll post either way.