Putting a house under contract.

7 Replies

Essentially as a wholesaler you sign a contract with the seller which gives you the right to assign the contract to someone else.

Then once you have found a buyer, you assign them the contract.

Go on Youtube and do a search on wholesaling there are plenty of videos which explains how it is done.

Originally posted by @John Thedford :

@Russell Brazil any advice?

 Id suggest coming out to the Gaithersburg meetup (actually located in Rockville) to learn the pluses and minuses of wholesaling. It is this upcoming Tuesday.

https://www.meetup.com/Gaithersburg-BP-Real-Estate-Meetup/events/246641913/

There are plenty of versions of assignment contracts in the documents section at BP... check them out.  Probably have your attorney check them out for alignment with state regulations/code.

Good luck!