My first New Jersey wholesale lead...

[Guy Collins]

So a lead came in from Upper Montclair, NJ (Bergen County). But I live about 1,700 miles southwest of there in Texas.

- 4 bd, 3.5 ba

- 3000 sqft

- $0 owed on property

- Seller Comments: moving, needs repairs

- Asking $650k.

- Zillow Zestimate (I know it's not known for accuracy) $800k in a "Very Hot" market.

I'm brand new to this. I'm an experienced marketer with 0 wholesaling experience.

So I have no idea what to do with this lead. I've never filled out a purchase contract and I've read there are legal issues with wholesaling in NJ.

I've seen where I could birddog the lead for $1000-$2500 or assign for 3%-5% of purchase price.

Any advice would be very appreciated.

Also, I'm open to partnering on this somehow or co-wholesaling this deal with an experienced closer.

Guy Collins