Real estate wholesaling works like this: You find a great deal on a property, often a fixer upper. You put it under contract.
Everyone understands the basics of flipping houses. You buy a fixer-upper, renovate it to force equity and then sell the finished property to a homebuyer.
It’s the classic landlord model: you buy a property and then sign a long-term lease agreement with tenants. You have to maintain the property, collect rent.