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Updated over 6 years ago, 09/25/2018
I am a COMPLETE Newbie! Professional advice is most appreciated!
Hello All!
I am extremely grateful to be among the best and most experienced real estate investors out there. Thank goodness for BiggerPockets! I am completely new to investing and want to learn as much as I can (the right way) before making my first deal. My main focus starting out is wholesaling. After looking over forum's, books, blogs and pod cast's, it seems like someone new in this industry should start there. I want to know everything I can about wholesaling, so your advice or suggestions are most appreciated.
My questions are:
1. Should I get a real estate license? I have read mixed reviews about this topic. I know it is part of everyone's personal journey to figure out what is right for them, but I am wondering if it is necessary or better to have one if wholesaling is what you are starting with?
2. What lead generation tactics/websites/squeeze pages do you use?
3. Do you use the same contract when wholesaling and just change home/owner information? Or is every contract completely different? I know that I will need to have a real estate attorney to make sure the contract(s) are legal for my state (Texas).
4. I am confused on how to get funding using OPM with using no or little of my money to make the deal.
5. Are there classes to learn contract terminology, writing, implementing, etc.
6. I am also confused on the contract sales. Once you get a contract signed and you have control to sale the property, do you already have a buyer in place? If so, what keeps the buyer from going to the seller directly?
I know it's a lot of questions and I truly appreciate you taking the time to answer them. Thanks a bunch and I am looking forward to making a connection with you!