A wholesale real estate contract is a shortterm investment strategy where the wholesaler hopes to make their money within 30 days. The process starts with a wholesaler signing a purchase deal with the seller to gain limited control over the property for a certain period.To fully complete a wholesale real estate contract, you will most importantly need a seller, wholesaler, buyer, and title company. You may need to get a real estate license or some other kind of license in order to assign real estate contracts (wholesale real estate). An Alabama residential purchase agreement allows a buyer and seller to enter into a legally binding contract for the sale of real property. I just got a contract accepted on a foreclosure in Montgomery, AL in a good area near a local college. Off Market deal Montgomery INVESTMENT PROPERTY FULL GUT REHAB SOLD AS -IS 35K for both Properties 1.