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Updated about 6 years ago on . Most recent reply

Account Closed
  • Real Estate Broker
  • Rockville, MD
54
Votes |
47
Posts

Do You Have a Real Estate or Finance Question?

Account Closed
  • Real Estate Broker
  • Rockville, MD
Posted

Hello BP friends,

Do you need help analyzing a deal or have any specific real estate/financing questions?

Reply back with your question and I will provide you with an answer.

I purchased my first rental property at 18. I have purchased over 80 properties in my career.

You can see my previous chain answering questions here:

https://www.biggerpockets.com/forums/223/topics/64...

Ask away!

Most Popular Reply

Account Closed
  • Real Estate Broker
  • Rockville, MD
54
Votes |
47
Posts
Account Closed
  • Real Estate Broker
  • Rockville, MD
Replied
Originally posted by @April Brown:

Hey Kenneth! I'm just starting out and I'm interested in wholesaling. To do a wholesale deal, who needs to be involved when it comes to the transaction? what type of agreements/contracts will need to be signed?

 I do not wholesale but have dealt with wholesalers, especially in Baltimore. Contracts should be written by a legal professional since you are just starting out. The transaction is in between the property owner, yourself and the buyer. If I were you, I would refer to the Baltimore forum since wholesaling is what many of them discuss there. They have a lot of information on the process and steps on this site. There are those who are not upfront about their intention when approaching property owners. That always gets messy. Be honest and upfront with the home owners and you will have less of a mess later on.  

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