Stuck on the contracts

[Aya Devin]

Hello fellow members! 

I am an absolute newbie at Real estate. 

I have read and researched everything i could find about wholesaling, as this seems to be the strategy id like to use at the beginning of my real estate career. 

I have a coupe prospect properties id like to visit as they seems to be great deals potentially. Although right now i feel absolutely stuck on filling out the contract issue. I have no idea where to find an information about this. All the contracts seems to be completely different. And i feel terrified about talking to the owners without knowing what to do. 

Some of the properties are in pre foreclosure and i have no idea how to address them. 

If you guys have any advice on how to dress this it would be highly appreciated. Mb some sources where i could read up on the subject and figure it out. Or if there anybody would like to meet up and talk that would be great as well (I'm in Monmouth county). 

Thank you in advance!

[Guangli H.]

Aya, first, I never do a wholesale deal before. However, this is what I learned and hopefully it will help a little bit: Use the standard NJ sales contract, cross out the no assignment term and put your and seller's initial there, in the buyer section, put your name or assignee. Put a 30 day due diligence period in the contract and you should be good to go. After you find a buyer, use a simple assignment contract to earn your wholesale fee. PM me if you think i might be helpful with any of your other questions.

Lee