Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

19
Posts
3
Votes
Chantel Haywood
  • Bozeman, MT
3
Votes |
19
Posts

First time wholesaler needing advice

Chantel Haywood
  • Bozeman, MT
Posted
I'm new to real estate. I quit my job to invest in real estate full time and I'll be honest I'm a little intimidated by the shallow water. I found a property I'm interested in wholesaling. It's a great fixer upper, 3 bed, 2 bath, asking price of $149,900. I reached out to a local real estate agent who claimed to have some personal experience with investing, but she hasn't been able to answer any of my questions so I'm hoping someone on here can give me a shove in the right direction. Let's say I put a offer on this house. On average, what's an appropriate/ professional amount to put down on a contract? Do I contact my buyers now, or wait till my contract is signed? Is it appropriate to disclaim to your agent/ sellers that your a wholesaler? Is there any additional fees in selling the contract to another buyer? Does anyone have any additional advice for this first time investor? Thanks.

Loading replies...