Just starting out - Just use Option Contracts?

[Rich Harris]

Hello BP Community!,

I am new here, and have read a million articles so I don't ask the same old questions every newbie asks, and wanted to say thank you to everyone. There are so many knowledgeable, helpful, and cool people here I really appreciate it! I haven't found this question on here so I figured I would ask away.

I am a new wholesaler and currently lack cash or private money (shocking right) When I find a good deal, and would like to lock up should I just lock it up with an option contract? I figure that if I tell the seller that their home doesn't meet my buying criteria, but I have a network of cash buyers who might be interested in buying their home. I would explain to them that, per my contract, that if I don't find a buyer for 30 or so days that the contract is null & void. My logic is that if I can't find a buyer we just part ways friends since I currently don't have the resources to purchase myself. Any thoughts or suggestions would be greatly appreciated. Thanks!