Why would a fix and flipper use a wholesale agreement?
A fix and flipper may want to use a wholesale agreement to purchase a property from a wholesaler. The wholesale agreement typically allows the fix and flipper to purchase the property at a discounted price, which can be beneficial for their business model. By purchasing a property through a wholesaler, the fix and flipper can save time and resources that would be needed to find and negotiate deals on their own.
The wholesale agreement outlines the terms and conditions of the sale, including the purchase price, closing date, and any other contingencies or conditions that must be met before the sale can be completed. Once the wholesale agreement is signed, the fix and flipper can begin the process of rehabbing and improving the property with the intention of reselling it for a profit.
Overall, using a wholesale agreement can be a valuable tool for fix and flippers looking to streamline their real estate investing activities and save time and money in the process.
