What Do I Do Next?

5 Replies

Im brand new in wholesaling and I think I pretty much have the main concept down. Where I am lost a little is with the buyer contract. I really don't understand it much. Am I suppose to fill it out myself or does the title company take care of that? I have a few property leads but I don't want to start to put any property under contract until I am sure of what to do in every step of the way. Any help and guidance would be greatly appreciated. 

Hey Josselyne Lugo here's a link to a file that was posted on here a whole back. You may want to get with a real estate attorney in your area as They may need to go over a few things. http://www.biggerpockets.com/files/user/Chris_Colvard/file/128-wholesale-purchase-agreement
http://www.biggerpockets.com/files/user/Chris_Colvard/file/129-wholesale-assignment I'm on my phone not too sure if files posted correctly

I would suggest trying to find a wholesaler in a different market and that you can go 50/50 with. It's better to have part of a deal than no deal. This will give you more credibility in the future knowing exactly how to close a deal. My husband and I were dealing with a wholesaler and they did not know what they were doing so we won't use them in the future.

Originally posted by @Jennifer Griffin :

I would suggest trying to find a wholesaler in a different market and that you can go 50/50 with. It's better to have part of a deal than no deal. This will give you more credibility in the future knowing exactly how to close a deal. My husband and I were dealing with a wholesaler and they did not know what they were doing so we won't use them in the future.

 Thank you Jennifer. I have considered working with someone else so I can be guided through the process and learn and also make money while I'm getting my feet wet. 

Originally posted by @Edgar Aguillon :
http://www.biggerpockets.com/files/user/Chris_Colvard/file/129-wholesale-assignment

I'm on my phone not too sure if files posted correctly

 Thank you Edgar I have downloaded the assignment contract and also the buyer contract from TREC. Im just unsure on how to actually fill them out. I guess I will have to look into real estate lawyers in my area. Are you a wholesaler yourself?

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