Assignment contracts and credit checks/CD
I am very interested in attempting to start in Real Estate Investment. I've been doing a little research and browsing forums here. I had a question in particular that I couldn't find the answer to. If I was trying to do Wholesale investments. Would I need to pass a credit check? Put money down on the contract to agree to pay in (lets say) 90 days. For example I find a home owner selling her house for $35k I approach her with an offer for $35K (after I've done all the calculations and think it's a good deal) would i need to get a line of credit for it even if I'm planning on assigning it over to a cash buyer within that 90 day period?How would i sign the contract with little to no risk if he falls through or I can't find one. Would I need to pass a credit check for a loan before I could even write up a contract? Really looking forward to the information you guys can share,
Thanks in advance!
-Brandon.