Buyers list (Check) So now what?

[Lorenzo Hatten]

Hello BP family! I have done a lot of emailing and calling over the past week. I have put together a list of Cash investors and Wholesalers in the Maryland area. As of right now I have 10, and will continue to network for me.. At this current stage in the game I'm looking to know "My next move" Knowing what they are looking for and the numbers they are hoping to see, is it time to start going out and looking for properties to place an offer? Assuming: I find something for 150k. I talk the price down, speak with one of my buyers and agree to a purchase at 145k. Whatever I make from the reassignment is profit. Right? Iv been given a PDF for reassignment contracts from a fellow BP user. I just want to make sure I'm not missing any steps in between. Cash buyers / wholesale (check) Paperwork (check) So now I need to find properties. How do I go about "buying" the home for one of my buyers? Any advice and guidance is much appreciated! Let's rock out this month everyone! :) Lorenzo

[Russell Brazil]

The biggest step I would take is contacting a local real estate lawyer to review the contract you have gotten.  Maryland real estate law is pretty complicated. There is a reason the typical contract in our state is 50 pages.  So instead of trusting someone on the internet who gave you a contract, I would seek legal counsel...have them review it, or write you up one that will hold up to Maryland state law.  Yes this is going to cost you up front money, but it will likely help in keeping you out of trouble down the road.