Hello all,

I am new to this forum and I'm glad I stumbled upon it while doing my daily real estate investing research. I am an Arizona licensed Realtor living in North Carolina at the moment. I'm in the process of taking that first step out into the wholesaling world. I have a couple questions that you seasoned or experienced investors might be able to answer.

1. What is the best & quickest way to build a "buyer's list"? I having been looking for deals, but don't really know anyone here to establish a relationship with in order to sell the contract to them. Would this be accomplished at a local REIC?

2. What happens if I find a buyer, but the inspection period has lapsed? I'm not really sure what the real estate contract states here in NC, but in AZ the buyer has a specified amount of time known as the inspection period to which they are supposed to hire a home inspector to look over the property. What happens if that time lapses and the buyer of my contract wants an inspection? Even an investor/rehabber will want to have the property professionally inspected, right?

3. If I assign the contract to someone and they decide to back out of the deal am I still obligated under the original contract to the terms & conditions thereof?

I hope I'm asking these questions correctly. I want to get active in my investing, but I want to make sure I cover my bases. I am aware I can provide an escape clause in the contract so I can back out without losing big, but I want to go into this with as much knowledge as possible. Thanks in advance!

Celeste