They’re real estate wholesalers.
Basically, they sign a contract with you to purchase your home within 30 days. They then shop the contract to real buyers - typically real estate investors. An ‘assignment’ clause in the contract allows them to do this.
There’s a skill set involved with the business, and good wholesalers can make a very good living.
“They’re real estate wholesalers.”
ok. but i still wonder where they get their capital from.
maybe a doctor/lawyer collective with spare cash sloshing around? or the rich chinese with deep pockets?