New To Wholesaling- Looking For First Deal (Eastern NC)

[Jacob Buller]

I recently decided wholesaling might be a better strategy for me to undertake since I don't have the capital necessary to purchase an investment property with 20% down (unless I use a VA loan and house hack). Though, even through house hacking, not having any capital cushioning me in the event I have a room(s) go vacant for too long makes me extremely uncomfortable, and I'd rather just wait until I'm able to invest without so much risk rather than getting in over my head and setting myself back with even MORE debt.

     Whew.. with that out of the way, I'd like to try and find someone I can work with that actually has wholesaling experience and learn from them as much as possible in return for however it is that I can bring value to that person or group of people. I feel like I understand the basic fundamentals of wholesaling pretty well, but contracting seems to be stumping me a bit. I recently paid a real estate attorney with expertise in NC for some advice about wholesaling and the contracts that are used within the process, but two major details stood out to me- the "no assignment" clause and having as much of a chance to terminate the contract under as many circumstances as possible if the deal doesn't go as planned. I understand that you need to be able to assign a contract to another buyer in order for the strategy to work, but if the "no assignment" clause is included, tough cookie.. I understand that there are still people that would be willing to sign such contracts as long as they have earnest money and are highly motivated, but what types of stipulations could a contract have that would make a seller more comfortable in working with a wholesaler..?

     I know I'm asking a lot and that I may be a little all over the place, but I'm doing my best to learn a little about everything instead of everything about something. I'm sure there's someone out there that's been in my shoes before, so thank you in advance!