). They agreed on $90,000, and he signed a purchase agreement with an assignable clause.
The air was thick with the scent of old paper and dust as Elias stepped onto the porch of the Victorian on 4th Street. He wasn't there to buy the house—not exactly. He was there to buy a contract to purchase it, a move known in the industry as real estate wholesaling . buying real estate wholesale
Martha got her fresh start, Sarah got a new project, and Elias proved that in real estate, sometimes the best thing you can buy is an opportunity . He wasn't there to buy the house—not exactly
The owner, a retired teacher named Martha, was motivated. She wanted a headache-free sale without the stress of listing on the MLS or open houses. After a quick walkthrough, Elias knew the numbers worked. He estimated the After Repair Value (ARV) and used the 70% rule : ( The owner, a retired teacher named Martha, was motivated
walked away with a $10,000 assignment fee —all without ever actually owning the property.