All Forum Posts by: Anthony Boone

@Jay Hinrichs,

Thanks for responding to my post. I am definitely not getting into this business to screw over people. I am only interested in doing Wholesaling the right way. Is there a proper way to structure the contract to protect the interest of both parties? In your professional opinion, how would you go about conducting a Wholesale Deal?

Thanks,

Anthony

Good Morning Bigger Pockets Community,

I am considering going into Wholesaling as a starting ground for real-estate investing and I want to make sure that I do everything properly. However, I am unsure of how to put together a Wholesale purchase contract, such as  the important contract language to include, how to protect yourself in case the deal doesn't go as planned etc... I have read that you have to include the words "and/or assigns" in your contract or you can not conduct the Wholesale deal. There are some that say that  adding "and/or assigns" to the contract is old and outdated and you will not be taken seriously. What is the proper method for getting a property under contract for purchase by an investor from start to finish and are there any good templates out there? Any expert Wholesalers out there feel free to respond.

Thank You,

Anthony    

I appreciate the feedback from everyone who responded to my post. I found it very helpful.  Next time I will post a single question rather than multiple ones. I agree that I need to learn more about the business prior to tackling real estate investing. I will be listening to podcasts along with reading the guide I downloaded from this site.    

 I am 32 years old and I have no real-estate experience, but I am interested in learning from others and creating additional cash flow for myself. Below are some questions that I have....

1. How do I start ? ( recommended readings, podcasts etc..)

So far, I downloaded the free guide from the website and plan to read it.

2. For a real-estate beginner what would be the best type of investment (fix and flips, wholesale deals?)

3. Is it possible for an individual like myself with hardly any skill in doing home repairs to be successful in the real-estate market?

4. As an investor what is the best place to search for houses to conduct deals?

5. As a real-estate investor is it a good idea for me to start a small company? (ex. LLC so that I can take advantage of tax benefits)

6. If you find a piece of property that you are interested in acquiring, how would I address the seller? Ex ( Hello, My name is Anthony and I am a real-estate investor interested in your property? )

7. I have read books from the Rich Dad Poor Dad Series and I remember reading about “Tax Lien Receipts” Has anyone had experiences purchasing them? It seems like a great way to acquire a property.