That's the question I used to ponder, when someone that rehabbed and sold, or bought and held houses, had a property they were selling as a wholesale deal. What's wrong with the house? Is there some big hidden defect they aren't telling me about?

If I am told it only needs a little TLC, and it looks like this one in the picture...then I have a right to be suspicious. But, that's not because it is being wholesaled, it is because the wholesaler was being misleading.

Usually when a real estate investor that doesn't always wholesale, presents a property for wholesale, it will mean:

1. They have been able to get more properties at a discount than they
    can handle.
2. They have more work than they can handle.
3. They have all their money tied up in other projects.
4. This is the least time consuming way to get paid for negotiating a
    discount on the property.

For example in my last post, I advertised a house with a 30K reduction in the price. I would love to purchase this property if the timing was right for me. I don't mean the market timing. This is absolutely the best time to buy. But, my personal timing. Right now, my partner and I have all the money we have available tied up in a short sale purchase, and fix up. We do not have enough private money lenders, or trusted contractors to complete the deal ourselves. So...darn..we have to pass it on to you. Our loss is your gain.

A lot of times, people think of a real estate investor as some rich dude, that has 10 projects going at the same time, and has people running around doing what he/she commands.

No, I am just a regular person, and a small real estate investor. I'm not adverse to growth, but that's were I am now. If you want to read about the celebrity type person, you can at www.celebPulp.com.
But, if you want to read and learn about the real world of real estate investing, keep coming back to Real Estate Investor Girl.

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