We'll show you how to wholesale properties in The Empire State. Here's our proven step-by-step process to effectively start wholesaling real estate in New York.Wholesaling real estate in New York is legal as long as wholesalers operate within the state laws and guidelines. Learn how to wholesale real estate in New York City: 1. To fully complete a wholesale real estate contract, you will most importantly need a seller, wholesaler, buyer, and title company. A wholesale real estate contract is a shortterm investment strategy where the wholesaler hopes to make their money within 30 days. A wholesale real estate contract initiates the selling process between a property owner and a wholesaler. You can write a wholesale real estate contract yourself if you're prepared for the task. There are two primary methods for wholesaling houses in New York: contract assignment and double closing. Don't let filling out wholesale real estate contracts intimidate you.