Skip to content
Louisiana Real Estate Q&A Discussion Forum

User Stats

6
Posts
0
Votes
Brannon Randle
  • Lafayette, LA
0
Votes |
6
Posts

Getting into Wholesaling

Brannon Randle
  • Lafayette, LA
Posted Sep 12 2017, 08:32

Can anyone in Louisiana answer a few questions about wholesaling in Louisiana?

Thanks in Advance.

User Stats

944
Posts
728
Votes
Braden Smith
Pro Member
  • Flipper/Rehabber
  • New Orleans, LA
728
Votes |
944
Posts
Braden Smith
Pro Member
  • Flipper/Rehabber
  • New Orleans, LA
Replied Sep 12 2017, 09:12

Hey @Brannon Randle. I can answer any questions you may have. What ya got?

GNO Realty Logo

User Stats

6
Posts
0
Votes
Brannon Randle
  • Lafayette, LA
0
Votes |
6
Posts
Brannon Randle
  • Lafayette, LA
Replied Sep 12 2017, 12:40

How to start the wholesaling? I have the proper documents to start and was wondering is that all I need. I have the contract agreement where the sell of the home gives me rights to the home for a time from to buy the home, I have the paper for the person buying to sign for me assigning them home from me to them and then the paper for the amount that I will get from the new buyer when they close on the home. Is this everything I need to know? Do I need any realtors, brokers, or lawyers?

BiggerPockets logo
Find, Vet and Invest in Syndications
|
BiggerPockets
PassivePockets will help you find sponsors, evaluate deals, and learn how to invest with confidence.

User Stats

944
Posts
728
Votes
Braden Smith
Pro Member
  • Flipper/Rehabber
  • New Orleans, LA
728
Votes |
944
Posts
Braden Smith
Pro Member
  • Flipper/Rehabber
  • New Orleans, LA
Replied Sep 12 2017, 12:44

You definitely need an investor friendly title attorney and they need to review your contracts to make sure they are legal and worded properly. 

See here for more info on wholesaling - 

https://www.biggerpockets.com/renewsblog/2015/01/3...

https://www.biggerpockets.com/renewsblog/2013/05/0...

https://www.biggerpockets.com/renewsblog/2015/03/2...

https://www.biggerpockets.com/forums/93-wholesalin...

GNO Realty Logo

User Stats

6
Posts
0
Votes
Brannon Randle
  • Lafayette, LA
0
Votes |
6
Posts
Brannon Randle
  • Lafayette, LA
Replied Sep 12 2017, 13:08

Okay. Once those are reviewed by an attorney and good to go what next step do you take. Does the attorney need to sign anything?