Buy Real Estate: One Great Thing

One great thing about wholesaling real estate is that you don't have to take ownership of the particular property. Once you located the property and have it under contract, you assign the contract to another buyer who will then close on the property in your place. Generally there are no risk, and you can do it with little or no money down. That of course depends on how the deal is structured.

Some investors use the term 'wholesaling' while others refer to it as 'flipping'. Regardless of the term you use, the bottom line is the same - you can make big bucks from property you don't own.