Wholesale Beginner Need Help Please

[Jack Phillips]

Good Morning everyone! I'm so excited to get started with my real estate journey. I'm currently in college and I'm going to start wholesaling homes in order to create income. I am reading into everything and all of the steps, one thing I was told to do in a video was to practice filling out the contracts but I can not seem to find where to find the legal property description anywhere online. Is it required to put the legal property description on the purchase & sales agreement and also the assignment contract? Or do I not have to put this information? If I do have to put it on the contracts (which I assume to be true) where do I find the properties legal description? I am in Bergen County, New Jersey and decided to start locally. Any help is much appreciated. Thank you.

[Earl White]

Is it required to put the legal property description on the purchase & sales agreement and also the assignment contract? Or do I not have to put this information? You do not need to put the full legal description, which is about 4 paragraphs drafted by a surveyor, on the contracts; however it is customary to insert the lot and block number. I highly recommend https://njpropertyrecords.com/ and many of my investor clients use this and I even have it for myself. You pull up the lot and block on the county website or city tax assessor website – but that would be a bit of a pain to keep trying to find it and there is lots of value in NJ Prop beyond just block lot – i.e. last deed to confirm ownership, tax assessed value, you can click around to nearby properties, flood zone – all key public info in 1 place to pull up instantly

If I do have to put it on the contracts (which I assume to be true) where do I find the properties legal description? For lot block it is customary to add lot and block for specificity – which is important if you are doing a deal with multiple separate parcels with similar addresses; selling properties next to each other.

In my opinion - get your real estate license. You will learn useful information if you are new, don't have to sweat operating in a legal grey area, and you can have side hustle selling for friends/family.