Putting a wholesale deal under contract

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Hello BP,

Im kind of a newbie so i have some questions. How do you know if a house is eligible for you to buy. Like what information must you know. Do they have to have equity on the house? Paid off? Up to date on taxes? What questions do you ask a seller when talking to them on the phone?

And when you are putting the house under contract, is the some deposit that you should give the seller or no?