Wholesaling
Putting a property under contract and then selling that contract to another buyer for a fee, usually without ever owning the property. Some states regulate or restrict it.
Also called: wholesale deal, wholesaler, real estate wholesaling
Related terms
Transferring a buyer's rights in a purchase contract to someone else, often for a fee. The contract must allow assignment, and some loans and states limit it.
Buying a property, renovating it and reselling it quickly for a profit. Profit depends on the purchase price, repair costs, holding costs and the after-repair value.
A property sold without being listed publicly on the MLS. Buyers find these through direct outreach, networks or wholesalers.
The estimated market value of a property once planned repairs are done. Flippers and hard money lenders use it to set offer prices and loan amounts.