Wholesaling in Oregon

[Jake Wenbourne]

Hey everyone! I have been trying to find some guidance on how to structure a wholesale deal in Oregon. I live in a small town so it's been a challenge to find people to work with that have even heard of wholesaleing, let alone how to actually do a deal. I have been talking to local agents and title companies but no one knows how it works. It looks like I will need to figure it out myself and then tell them what to do. Ether that or I will need to work with someone out of town that knows how all the details works.

Any advice would be greatly appreciated! I have read a lot about wholesaling, so I feel like I have an understanding on the process, it's just the nuts and bolts that I'm a little fuzzy on.

Thanks,

Jake Wenbourne 

[Lisa Thoele]

@Jake Wenbourne  My advice would be to meet with a local attorney who is familiar with real estate investing.  You will need an earnest money agreement which is a sales contract.  Your attorney can advise you on this but you will want to make sure it is assignable.  Then you will want a simple form of assignment.  So you write up a sales contract between you and the seller.  Then you use the assignment form to assign your rights in the contract to the end buyer, who you find.  That is the paperwork trail.  Of course there is more to it but that might get you started.  I have an attorney in the Portland area I'm happy to recommend but I'm guessing you can find someone near you.  They should be able to walk you thru the process and provide you with forms.  It will be money well spent if you find a good attorney.  Maybe ask your real estate agent and/or title company for recommendations.  Best Wishes.  Lisa