Holes In The Sales (Australia)
In real estate, when you hear the expression “wholesale price”, be careful. Like many of today’s property scams, the wholesale spiel is a play on words.
Sunday, September 28th 2003, 5:38AM
by The Landlord
The wholesale trick is most common with large developments, such as units and townhouses. The “wholesale company” tells investors that they have “done a special deal” with the developer and, through bulk-buying-power, they can get the property at a wholesale price.
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