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Updated over 8 years ago on . Most recent reply

User Stats

136
Posts
76
Votes
Ryan Battista
  • Investor
  • Indian Land, SC
76
Votes |
136
Posts

New Wholesaler --how to get my first deal under contract

Ryan Battista
  • Investor
  • Indian Land, SC
Posted

--Sorry newbie question--As the title states I am a new wholesaler here in Charlotte NC. I have started a direct mail campaign and before I try to purchase a property from a motivated seller I want to be clear on how to go about this as far as a contract standpoint. I would love a walk through of the process. Thanks BP! -Ryan

Most Popular Reply

User Stats

69
Posts
35
Votes
Ian Ray
  • Investor
  • Charlotte, NC
35
Votes |
69
Posts
Ian Ray
  • Investor
  • Charlotte, NC
Replied

@Ryan Battista, if I come across links I find of value, I will be sure to drop them in this thread.  But everything you need to know is here, somewhere.  Also, you need to connect with a RE attorney here in NC to make sure your assignable contract is valid and legal.  I have dealt with some wholesalers that had contracts that were not truly assignable.  Avoid legal document websites at all costs in situations like this, unless you are using the templates for a starting point.  Be sure to get a legal expert to look it over before presenting to the seller.  It is worth the expense.  And it will be a one time cost.

Good luck

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