Which of the following is a requirement for wholesaling?

Finding property at a deep discount is a fundamental requirement for wholesaling. In the wholesaling process, the investor enters into a contract to purchase a property, typically at a price that is significantly lower than its market value. This discounted price is critical because it allows the wholesaler to assign the purchase contract to another buyer—often a retailer or investor—at a higher price, thus enabling the wholesaler to earn a profit without ever owning the property themselves.

Wholesalers rely on their ability to identify undervalued properties, negotiate with sellers, and quickly find buyers who are willing to pay more, making the acquisition of properties at deep discounts a crucial skill in their success. The other choices, such as ownership of the property, advanced renovation skills, and a long-term investment commitment, are not required for wholesaling since the wholesaling model does not involve property ownership or extensive renovations, nor does it typically entail a long-term investment strategy.