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Wholesale real estate, also known as property mob, refers to a real estate investment strategy that involves purchasing properties below market value and then selling them to other investors for a profit. This method allows individuals to capitalize on opportunities in the real estate market without having to own the property themselves.
In wholesale real estate, investors typically find distressed properties, such as those in foreclosure, in need of repairs, or with motivated sellers. They negotiate a discounted price with the current owner and then assign or sell their contract to another investor for a higher price, usually without making any renovations or improvements.
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