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Updated over 3 years ago on . Most recent reply

User Stats

3
Posts
1
Votes
Kostadinos Pehlivanis
  • New to Real Estate
  • Northern Virginia.
1
Votes |
3
Posts

First wholesale deal

Kostadinos Pehlivanis
  • New to Real Estate
  • Northern Virginia.
Posted

Hey everyone, I’ve been looking to get into wholesaling and after driving around my area I found 2 vacant and rather sad looking properties. I really want to wholesale them but it defiantly seems confusing especially with every states regulations being different. So I’d ether like to give this to a local  in Virginia and all I’d ask in return is to follow the process or if someone could point me in the right direction of getting the right contracts for my state and properly filling them out. I have found the owner and can find the buyers. I just need help with the paper work. 

Any help is greatly appreciated ! 

Most Popular Reply

User Stats

493
Posts
427
Votes
Brandon Vukelich
  • Real Estate Broker
  • Tacoma, WA: 🏢 27 LTRs 🏡 3 STRs
427
Votes |
493
Posts
Brandon Vukelich
  • Real Estate Broker
  • Tacoma, WA: 🏢 27 LTRs 🏡 3 STRs
Replied

If you intend to be serious and professional about your wholesaling business, I strongly encourage you to contact a local RE attorney in your state to help prepare your Purchase & Sale Agreement and Assignment contract.  It shouldn't cost more than a few hundred dollars for the legal assistance.  There is a lot of liability when dealing in real estate.  You're not transacting candy bars or used computers.  If you don't know how to fill out or use either contract, I suggest you go back to the learning process before you start locking up properties and attempting to do a deal.  They are not just "paperwork" they are real estate contracts.  Otherwise, partner with another local wholesaler to help you learn the ropes.  Best wishes on your journey!

  • Brandon Vukelich
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Broker at Multifamily Properties
5.0 stars
19 Reviews

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