The air was thick with the scent of old paper and dust as Elias stepped onto the porch of the Victorian on 4th Street. He wasn't there to buy the house—not exactly. He was there to buy a contract to purchase it, a move known in the industry as real estate wholesaling .
walked away with a $10,000 assignment fee —all without ever actually owning the property. buying real estate wholesale
Now, the clock was ticking. Elias didn't have the $90,000, but he had a list of hungry investors . He reached out to Sarah, a local rehabber who specialized in Victorians. Sarah saw the potential and agreed to pay $100,000 for the right to buy Martha's house. At the investor-friendly title company, the magic happened: wired $100,000. The Seller (Martha) received her $90,000. The air was thick with the scent of
