Wholesaling In Minnesota Best Practices

[Matthew Haskins]

Hey BP,

I am hoping to start a discussion on wholesaling in Minnesota and the best contract practices to follow.

I have been looking for rehab deals mostly, but doing some marketing I always come across deals outside of my area that might be good deals to wholesale. However, I am very concerned about wholesaling the proper way.

I've listened to people at seminars, seen wholesale leads bombarding my email, read a guides, and watched webinars, but I can't seem to find a practice that truly seems comfortable and legal.

I understand the general process, put a property under contract, and sell the contract. OR actually double close.

I'd prefer to avoid double closing as it just costs to much and I believe it would not allow for a win, win, win situation between seller, wholesaler, and cash buyer.

I have also heard people talk about Opinion Agreements as a more legal alternative to the traditional purchase agreement approach.

Basically who in here is wholesaling in Minnesota, How are you doing it, and would you like to meet for beer, coffee, pizza, or a burger to give me a bit more insight on the process? Or even better, let's work a wholesale deal together from one of my leads!!!!!!

[Todd Blank]

Matthew,

I am in the same place as you.  I just started wholesaling; I have done 10 flips and even built a house, but I would like the walk thru of just one to feel more comfortable and after that I am pretty sure I am ready to go.  That being said, if you find someone to walk you thru a deal, keep me in mind.