Wholesaling in Ontario

[Alina K.]

Hi Everyone,

We're just starting out in wholesales...We found some properties that we'd like to wholesale to flippers/rehabbers/etc, but we need some more details before we start.... Can anyone explain please exactly the process and expenses involved?

1) Do we pay a lawyer around 1000$ to put a house under contract (with all the conditions, etc)?

2) How do we know that the buyer will want the deal? 

3) If the buyer declines, did we just spend 1000$ for nothing?

4) They say you need to know lots of investors to offer them wholesale. But what if none of them want the house? 

Any help would be greatly appreciated!