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How To Wholesale Real Estate In North Carolina

How To Wholesale Real Estate In North Carolina: Step-By-Step (2025)

real estate investing strategies real estate markets (states) wholesale real estate Jun 30, 2025

If you’ve ever wondered how to wholesale real estate in North Carolina, or you're ready to close your first deal in the Tar Heel State, you're in the right place. This guide breaks down everything you need to know to wholesale legally, ethically, and profitably in one of the Southeast’s most dynamic real estate markets.

Whether you’re just getting started in real estate or you’ve done a few deals and want to break into a new market, North Carolina is full of potential. The key is knowing how things work here—what’s legal, where to find the right sellers, and how to build the relationships that actually lead to deals. In this guide, we’ll break it all down and show you how real people are successfully wholesaling real estate across the state.


If you’re serious about doing your first real estate deal, don’t waste time guessing what works. Our FREE Training walks you through how to consistently find deals, flip houses, and build passive income—without expensive marketing or trial and error.

This FREE Training gives you the same system our students use to start fast and scale smart. Watch it today—so you can stop wondering and start closing.


*Before we begin our guide on wholesaling in North Carolina, we invite you to view our video on How To Wholesale Real Estate Step by Step (IN 21 DAYS OR LESS)!

Host and CEO of Real Estate Skills, Alex Martinez, provides a comprehensive, step-by-step guide for beginners to start wholesaling real estate!


What Is Wholesaling Real Estate?

Wholesale real estate is simply a business investment strategy. Home wholesalers have no interest in taking title to the property. Ideally, a wholesaler enters into a contract of sale with the primary goal of assigning the right to purchase the contracted property before the first contract closes. A wholesaler achieves this objective by using a legal instrument known as an Assignment of Contract.

A North Carolina real estate wholesaler’s legal right to purchase (which is known as their equitable interest) is a marketable asset awarded when the contract is fully executed. The Doctrine of Equitable Conversion is the legal concept that awards equitable interest.

The difference between the purchase price of the first and the second purchase price is a wholesaler’s gross profit.

If a wholesale deal hits a snag or other unexpected timing issues, a wholesaler may need to execute a Double Close, a technique that requires a wholesaler to take temporary possession of the property’s title. Learning how to start investing in real estate with no money can help you navigate these challenges effectively. These exit strategies are discussed in detail later.

Read Also: North Carolina Real Estate Classes Online

Why Wholesale Real Estate In North Carolina?

Wholesaling real estate in North Carolina is a savvy move for investors seeking to capitalize on a growing housing market.

With an average home price of $337,813, according to Zillow, the state offers a balance of affordability and potential for profit.

According to RealtyTrac, North Carolina currently has 3,771 properties in foreclosure, 269 bank-owned properties, and 1,261 headed for auction. These distressed properties create opportunities for wholesalers to acquire homes at a discount, flip them, and make a significant return on investment.

The state's strong foreclosure activity ensures a steady supply of potential deals, making it a great market for wholesaling.

North Carolina continues to shine as a top living destination in the U.S., thanks to its enchanting landscapes and vibrant cities. This appeal is mirrored in its real estate market, which remains an attractive arena for investors, especially those interested in wholesaling land.

As of 2025, the housing market dynamics in North Carolina show promising signs for real estate wholesalers.

  • North Carolina home prices have edged up by 0.8% over the past year, with the current median sale price sitting at $387,700.
  • While the number of homes sold dipped slightly—down 1.7% year-over-year to 14,293—the market still shows strong signs of activity.
  • This small drop in volume doesn’t signal a slowdown; in fact, it highlights steady demand, which is good news for wholesalers looking to move contracts quickly.
  • Homes are taking their time to sell on the market, averaging 42 days (up 9 days from last year). However, even with that increase, the pace remains healthy, indicating that properties are still turning over quickly enough to support consistent wholesale deals.

Analyzing broader market trends, the total housing inventory in North Carolina stands at 63,985 homes, representing a 26.1% year-over-year increase. 

A significant metric for wholesalers is the average months of supply, which currently stands at 3 months, indicating a market leaning towards sellers, which is often conducive to wholesaling strategies.

In terms of pricing dynamics, 23.6% of homes sold above their listing price, a slight decrease from the previous year.

Meanwhile, the percentage of homes experiencing price drops was 34.9%, up from 7.1 points in the previous year. The sale-to-list price ratio was 98.4%, showing a minor increase.

These figures suggest a market where pricing is stabilizing, yet still offers room for negotiation, a key aspect for successful wholesaling deals.

The current 2024 trends in North Carolina's real estate market present a favorable environment for wholesaling. The combination of steady home price appreciation, a balanced inventory, and reasonable turnover rates creates a landscape ripe with opportunities for savvy investors looking to leverage wholesaling strategies in this dynamic market.

Now, let's deep dive into each step of the process so you can feel confident wholesaling real estate in North Carolina!

How To Wholesale Real Estate In North Carolina (9 Steps)

Here's our simple step-by-step process for wholesaling real estate in North Carolina:

  1. Partner With A Wholesale Mentor
  2. Learn North Carolina Real Estate Wholesaling Laws & Contracts
  3. Understand The North Carolina Real Estate Market & Lingo
  4. Build A Cash Buyers List
  5. Find Motivated Sellers & Distressed Properties
  6. Put Distressed Properties Under Contract
  7. Assign The Contract To The Cash Buyer
  8. Close Deal And Collect Assignment Fee
  9. Double Close Or Wholetail When Necessary

Partner With A Wholesale Mentor

1. Partner With A Wholesale Mentor

If you are new to wholesaling in North Carolina, it is likely to pay big dividends if you begin your wholesale career working with a wholesale mentor to professionally guide you through the process a few times, with real money on the line.

While wholesaling on paper is relatively straightforward, beginners working alongside an expert will find it valuable to have the tools to avoid the same mistakes these experts once made as newbie wholesalers. 

If you want to learn from seasoned professionals who have successfully wholesaled properties, be sure to attend our wholesale real estate course with the link FREE real estate training course!

Learn North Carolina Real Estate Wholesaling Laws & Contracts

2. Learn North Carolina Real Estate Wholesaling Laws & Contracts

Real Estate License Law in North Carolina can be found in Chapter 93A of the General Statutes of North Carolina. Section 93A-3 creates the government oversight agency – the North Carolina Real Estate Commission. The NCREC administers and enforces North Carolina wholesale real estate laws with regard to real estate.

Based in Raleigh, the North Carolina Real Estate Commission is the state agency responsible for protecting the public. It does so, in part, by requiring real estate professionals to be licensed.

real estate license in north carolina

Source – Page 3

Note that as of 2006, the NCREC issues broker licenses exclusively (the only state-licensed real estate agents), although there are varying levels of broker responsibility and, therefore, different types of broker licenses.

As of 2012, North Carolina has no formal reciprocity agreements with any other state. Instead, state legislators created a "limited license recognition" agreement with each state, plus Canada and the United States territories.

Anyone holding a valid real estate license for at least three years prior to applying for a North Carolina license, from a state that has equivalent licensing requirements to North Carolina, may ask for a waiver of certain real estate licensing conditions.

Understand The North Carolina Real Estate Market & Lingo

3. Understand The North Carolina Real Estate Market & Lingo

The North Carolina Real Estate Commission denotes that there were more than 116,000 real estate brokers and firms (and brokerage companies) licensed by the state agency in 2022. About half of the licensees in the state (55,000) are members of the state’s largest professional organization - The North Carolina Association of REALTORS (NC REALTORS) or realtor wholesale. 

The NC REALTORS represents 45 local associations throughout the state, divided into ten regions


*Before we continue our guide, be sure to watch our video on the 10 BEST States To Wholesale Real Estate! Learn why North Carolina made our top 10 list!

Covering the entire span of the country, we delve into what sets each of these states apart, creating a perfect environment for both wholesalers and real estate investors.

Want more real estate videos? Be sure to visit our YouTube channel here!


North Carolina Housing Market Statistics In 2025

It’s clear that the real estate market is undergoing changes in 2025. Following the significant price increase last year, the market is cooling off slightly. Home values are still increasing, but not nearly as rapidly, and we’re seeing more homes hit the market. At the same time, properties are taking longer to sell, indicating a softer, more balanced market.

Sales activity has slowed, and listings are staying on the market a little longer than they did a year ago. That gives buyers and investors a bit more breathing room and possibly more room to negotiate.

If the trend continues, prices may still increase by a couple of percent, but with more inventory and less urgency. For investors, this could be a great time to step in—while others are hesitating, you’ll have the opportunity to spot deals and secure favorable terms.

Read Also: How To Find Off-Market Properties In North Carolina (4 Methods)

Build A Cash Buyers List

4. Build A Cash Buyers List

Wholesaling real estate, as an investment technique, requires the wholesaler to have a network of willing (and able) buyers who are, very often, other real estate professionals. For those learning how to invest in real estate in North Carolina, building strong connections with active buyers can be a key factor in successfully closing wholesale deals.

Buyers in a wholesale deal are typically “fix and flippers” – cash buyers who take title to the property and the time necessary to update/upgrade/renovate the property to make it turnkey market-ready for a retail customer.


*Check out this quick video below that talks about how to find cash buyers online for free!


One of the advantages of wholesaling is that this type of investment technique allows real estate investors to learn the real estate wholesaling business while building a curated buyers list. A consistently updated buyer’s list will prove invaluable in the wholesale real estate business.

Potential buyers can be cultivated from the many digital and social media platforms, as well as investment groups/meetups dedicated to the wholesale process.

Find Motivated Sellers & Distressed Properties

5. Find Motivated Sellers & Distressed Properties

Real estate wholesalers primarily work with distressed properties, which, coincidentally, are often owned by financially strapped and motivated home sellers. Potential wholesale opportunities may include rental property, a foreclosure, or even a multi-unit REO property on Zillow, among others. Wholesalers provide a service to homeowners who need to sell quickly, without restrictions and conditions dictated by conventional lenders, etc.

Possible wholesale deals are often available are often non-listed, off-market wholesale properties.

Read Also: How To Find Cash Buyers For Wholesaling Real Estate

Put Distressed Properties Under Contract

6. Put Distressed Properties Under Contract

Wholesaling is an investment technique. And, like any investment strategy, wholesaling requires the professional investor to define acceptable investment criteria. Most wholesalers use two general investment metrics in their due diligence to determine an investment's potential profit. 

  • The 70% Rule: The 70% rule is an industry-standard formula that provides a smart starting position for wholesalers. The rule essentially notes that a real estate wholesaler should pay no more than 70% of the After Repair Value (ARV). The ARV is the property’s projected value – the potential sale price after updates and renovations have been completed.
  • The Maximum Allowable Offer (MAO): The MAO formula takes into account the carrying costs and repair expenses necessary to create a move-in-ready property. If repairs are needed, the Maximum Allowable Offer will always be less than the After-Repair Value.

Before determining your MAO, let's examine how to secure that property.


Watch this video to learn how to confidently fill out real estate contracts and secure your deal.



Here is an example to clarify these wholesale investment concepts:

Wholesalers working in North Carolina search the market in various ways for a property that has a price below market value. 

A one-family home in disrepair is offered for sale at $210,000 in one of the scenic North Carolina surrounding areas with comparable homes that sell (when updated and move-in ready) for $450,000. The anticipated price of $450,000 is commonly referred to in the wholesale trade as the After Repair Value (ARV).

After negotiations, a wholesaler will enter a contract to purchase the property at a specific price, time, and other conditions.

Next, a North Carolina real estate wholesaler must find another end buyer who is willing to pay more than the original contract price.

As such, a wholesaler must analyze the deal to find the answer to these questions:

  • What is the maximum price a flipping professional will likely pay for the property?
  • How does the MAO compare to the wholesaler’s purchase price?
  • Does the subject property appear to have sufficient profit potential?

*Pro Tip: Professional “fix and flippers” also use the industry standard - the 70% rule. But, considering flipping specialists are on the hook for renovation and unexpected costs/delays, they must subtract the anticipated costs and carrying expenses from the After Repair Value, to ensure they leave room to turn a profit.

The final price, after subtracting all expenses, is known as the Maximum Allowable Offer (MAO)

  1. In the above example, 70% of the After Repair Value of $450,000 is $315,000.
    • ($450,000 X 0.7 = $315,000).
  2. The next step in the wholesale investment analysis is to calculate the wholesale buyer's Maximum Allowable Offer.
    • This is done by subtracting the anticipated carrying and renovation expenses from the After Repair Value. 
    • If the estimated repair cost to make the property market-ready is $90,000, what would the wholesaler's cash buyer’s Maximum Allowable Offer be?
  3. The following illustrates how to do the MAO calculation: ARV – Expenses = MAO
    • $315,000 - $90,000 = $225,000.
  4. $225,000 (the buyer’s MAO) - $210,000 (the original contract price) = $15,000. The wholesaler’s gross profit in the above example would be $15,000.

Assign The Contract To Cash Buyer

7. Assign The Contract To Cash Buyer

An Assignment of Contract is a legal instrument that allows a wholesaler in North Carolina to transfer their equitable interest (in the subject home) to a new end buyer.

As noted above, equitable interest is the marketable asset awarded to the buyer (in this case, the wholesaler) when the contract is fully executed. The Doctrine of Equitable Conversion is the legal concept that awards equitable interest.

Read Also: Wholesale Real Estate Contract Template & PDF [FREE DOWNLOAD]

Close Deal And Collect Assignment Fee

8. Close Deal And Collect Assignment Fee

To close a North Carolina wholesale deal, wholesalers usually follow two fundamental exit strategies.

The first is the assignment strategy, which is the most direct, cost-effective, and simplest wholesale exit strategy. These are the reasons why it is the preferred wholesale exit path.

The wholesaler’s assignment fee will be equal to the difference between the original contract and the price denoted in the Assignment of Contract.

Double Close Or Wholetail When Necessary

9. Double Close Or Wholetail When Necessary

If the wholesaler can’t use the assignment-exit strategy (which may happen for a number of reasons), they can opt for the Double Closing exit strategy. This conclusion to a wholesale deal requires the wholesaler to take title to the property by closing on the first contract.

In a Double Closing, in the first closing, the wholesaler is the buyer. When closing the second contract, the wholesaler becomes the seller. A Double Closing is a closing strategy in which the wholesaler can maintain confidentiality regarding their profit, not usually allowed with an assignment exit strategy.

While the double close requires additional closing costs (when compared to the Assignment Strategy), it also mandates that the wholesaler have the cash (or a hard money lender commitment to finance the purchase), if only temporarily. The double close also provides a bit of added legal protection as the wholesaler is a principal owner/seller and would, therefore, never need a North Carolina real estate license.

Also, consider wholetailing the deal for maximum exposure and profits. Luckily, these strategies are absolutely feasible in North Carolina and around the nation!



Read Also: How To Start Wholesaling Real Estate For Beginners In 7 Steps

Yes, it is definitely legal to wholesale in North Carolina; however, the real estate wholesaler must negotiate the wholesale process without violating the state’s real estate or licensing laws.

To legally wholesale real estate in Charlotte, North Carolina, you must complete the task of selling/assigning your rights to purchase a piece of real estate to another buyer without violating North Carolina license law, wherein it is often questioned by people whether real estate wholesalers need a license.

How Much Do Real Estate Wholesalers Make In North Carolina?

One of the main reasons to select a career as a real estate wholesaler (or other self-employed careers) is that the wholesaler’s earnings potential is always unlimited.

Wholesalers are not salaried professionals, but those who receive equal periodic payments from an employer. Wholesalers, who are self-employed, create an income stream based on the investment properties they find and assign/sell – so it is in their interest to have several deals working at the same time, in different stages of the wholesale process.

In the world of wholesaling, the only income limits are those that are self-imposed.


*For in-depth training on real estate investing, Real Estate Skills offers extensive courses to get you ready to make your first investment! Attend our FREE Webinar Training and gain insider knowledge, expert strategies, and essential skills to make the most of every real estate opportunity that comes your way!

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North Carolina Wholesale Real Estate Contract

A purchase and sale agreement (which is also referred to as a real estate contract) is a legally binding agreement that is executed between the seller and the buyer.  The purchase agreement or contract is one of the most essential legal documents in any real estate deal.

Most North Carolina home sales use real estate wholesaling contracts developed and approved by the North Carolina Association of REALTORS.

A contract of sale sets forth the enforceable terms of the transaction. It can be a complex document that requires specific information that may include -

  • The subject property’s legal description.
  • A small earnest money deposit is to be given in good faith.
  • Household items that may be included as part of the transaction.
  • Acceptable financing terms.
  • Contingency dates that are relative to the sale.

If you’re ready to take action and put what you’ve learned into practice, we’ve got you covered. We offer a free downloadable wholesale contract you can use to start structuring real deals right away. Whether you’re brand new or looking to improve your paperwork, this resource is designed to help you move with confidence. Just click the image below to get instant access and start wholesaling with a solid contract in hand.

wholesale real estate contract pdf

Do You Need A License To Wholesale In North Carolina?

Do you need a license to wholesale real estate? No, a wholesaler in North Carolina will not need a real estate license as long as their actions do not violate established license and real estate law in the state. 

Some wholesalers in the state consider earning a real estate license, as this would increase their knowledge about the market and the real estate business. However, this choice to become licensed is completely voluntary and not needed if the wholesaler understands how to stay within North Carolina’s legal lanes.

Is Wholesaling In North Carolina Easy?

Wholesaling real estate is a popular investment strategy, having gained real traction in recent years due to rising prices, low mortgage rates, and, most importantly, the creation of a digital marketplace.

Does the recent rise in its popularity speak to how easy it is to wholesale in North Carolina? The answer is – it depends on how you approach the wholesale learning curve. While real estate wholesaling requires minimal capital to get started, it also demands a consistent ability to network and market.

And those new wholesalers, but savvy investors, may want to consider working with a more experienced wholesaler or jump online for our Pro Wholesaler VIP Program – designed for the modern entrepreneur to learn the basics and the easy potholes to spot and avoid. It is 100% online and is used for local and virtual real estate wholesaling.

How Our Student Landon Made $20K Wholesaling in North Carolina

Anyone can do this—just ask Landon. Before wholesaling real estate, Landon had worked in solar, roofing, insurance, digital marketing, and e-commerce. But his long-term goal was always real estate. After joining Real Estate Skills for its investor-first strategies and “blue ocean” approach, he landed a $20,000 wholesale deal—virtually—in North Carolina.

Even though he lived in South Carolina, Landon found better opportunities across the border. He sourced an on-market property through an agent connection, locked it up for $100K, and wholesaled it for $116K after a few strategic negotiations. What started as a failed call turned into a $20,000 win.

And when things got tough, Landon leaned on the Real Estate Skills community for support—mentors like Peter, custom feedback, even personalized videos to keep him moving. Now, he’s aiming for four more wholesale deals, fix-and-flips, and a rental portfolio worth $3–5 million.

Watch Landon’s full story below:



Final Thoughts On Wholesaling In North Carolina

Wholesaling real estate in North Carolina offers no guarantees, but it is this uncertainty that offers motivated wholesalers an unlimited income potential. Real estate property investors recognize that market conditions are forever evolving, which is why a wholesaler must stay current with market conditions, as well as any changes to North Carolina laws that may limit (or at least redefine) a wholesaler's actions.

But, with thousands of successful wholesale deals happening, clearly, real estate wholesaling has the potential to generate a consistent stream of income – if a wholesaler is mindful of local and state rules, regulations, and laws.


If you’re serious about doing your first real estate deal, don’t waste time guessing what works. Our FREE Training walks you through how to consistently find deals, flip houses, and build passive income—without expensive marketing or trial and error.

This FREE Training gives you the same system our students use to start fast and scale smart. Watch it today—so you can stop wondering and start closing.


*Disclosure: Real Estate Skills is not a law firm, and the information contained here does not constitute legal advice. You should consult with an attorney before making any legal conclusions. The information presented here is educational in nature. All investments involve risks, and the past performance of an investment, industry, sector, and/or market does not guarantee future returns or results. Investors are responsible for any investment decision they make. Such decisions should be based on an evaluation of their financial situation, investment objectives, risk tolerance, and liquidity needs.

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