"Wholesaling" strategy questions.

[Cj Villanueva]

I've been reading about this method. Are cash buyers particularly cautious with people who dub themselves as "wholesalers"? I'm all for making money, but it seems to me that people try to assign contracts to a cash buyer that are ridiculously over priced, or "based" off ARV. I have one rental in Denver, Co and I was intrigued by wholesaling by the earning potential in what seems to be a too good to be true method. 10K off of ONE deal is great, why the asinine markups? Another thing is the contract itself, I've obtained one of these "contracts", but it seems pretty basic. Does anyone have experience in assigning contracts, or should I give Jerry Norton all of my money haha thanks in advance!

[Alan Bailey]

Hey CJ. I've worked on over 100 wholesale deals. My contract is one page and sometimes I use an addendum that makes it 3 pages. I've used that contract in VA, NC, & TN.

$10k is not asinine either. For example I had a small house that was run down and the owner just wanted it gone because they didn't want to pay taxes on it anymore. I bought it for $6k (yes six thousand dollars) and turned around and had multiple offers immediately. Sold it for $25k so it was a nice little $19k deal. That was just a nice simple deal. 

Obviously do your research and talk to a lawyer but it's legit in my world. And don't give Jerry all your money. Everything you need to learn is easily accessible on Youtube. Treat everyone like it was your parents or grandparents that you were dealing with and you'll be fine.