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Updated almost 5 years ago,
Wholesaling advice needed. How to contract?
I'm sitting here analyzing deals everyday, helping an investor in my MasterMind group get more deals in NC (out of state for me). I have a way to get leads through Fb ads (I might use RVM maybe), and I had found a deal that he was going to give me a finders fee for. Unfortunately it fell through because it was under contract. I even saw it when it was fresh and didn't know he wanted it because he wanted 3/2s, & it was a 3/1.
Right now because of COVID-19, he's taking a step back from investing which I understand, but for me to wholesale to cash investors, I can't rely on the goodness of their heart to give me a fair finders fee. I know if I assign a contract within 72 hours I can skip having to put in any kind of money in the deal (what I heard anyway).
What I would like to know is how I can make an offer without Proof of funds. I can probably get off market deals via Fb ads, but I would think I had to pay for their attorney or someone to come up with a contract so it can be official and I can officially assign it to a cash buyer. If I had landed that last finders fee, that would have been my first deal (sorta). Still trying to get traction here. Thoughts?