Does Wholesaling Make Sense?

[Francis Figueroa]

Hello all,

I have a few questions about wholesaling in general & the process itself. 

1. First, does wholesaling or searching for deals (in whatever way) make sense as a means of finding property to invest in? Or is this inefficient considering it takes so many calls/flyers etc. just to get one deal?

2. In which ways can someone new to RE discover how to estimate ARV. Estimating repairs, comps and everything else that creates an ARV seems to be the toughest part of the process. Should you know how to do this first, then look to find places or jump head first?

3. What laws/regulations should new investors generally be aware of? I know this is jx specific, but what are general concepts that are the crux of legal disputes? How do wholesalers protect the seller, themselves and the deal from being lost/taken by someone else? 

4. What is the wholesale contract look like? The one between the seller & wholesaler, including the EMD.