A Real estate wholesaler is one buys the property at discounted wholesale price and sell it at real market price meanwhile earning profit. This is a very challenging job. One has to first locate the property, which a seller is willing to sell. Find out for the discounted price. Get the repairing done. Calculate the after repair value (ARV). Then calculate the actual prize and sell it to the investors who are either doing rental or retail business.

There is not much difference between a property locator and real estate wholesaler. Property locator find the location of the real estate which there for sellout. They get commissions as a percentage from the amount at which the property is sold out. They are hired by wholesalers to locate the discounted real estate. They get the salary or on most of the occasion commission for this job.

Once the property is located, it’s the time to fix its price. Wholesalers look for the similar house. Try to know their selling price and then divide the whole price by square footage. One can calculate the square footage by calculating the dimensions of the outer boundary. One can also look for house tax receipt for finding the actual square footage. The cost of the land is calculated by checking the market price of the locality. The price is more if the house is in the location where good schools are located and the market is located nearby. If property is well built and it’s not required to bring down the building and make it again. In this case the price will be higher.

However in all cases the wholesaler makes sure that he buys the property in least possible amount. Then only he can earn more profit.

In most cases it has been found that the properties which have some disputes or the seller is in a hurry, then only the wholesaler is able to buy it in discounted price. There might the case that the seller of the house is permanently transferred. Wholesaler looks for such types of properties those are hard to sell. They found themselves to be stronger to settle any disputes if it is with the property.

Real estate wholesaling is not a kid’s job. It needs lots of labor and hard work. However sweetest fruit is guaranteed. I really recommended you to start your career as a real estate wholesaler. But you should be ready to do the hard work.