If you're a beginner in wholesaling read this!

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So I've been reading all the forums here for almost 2yrs and its frustrating when someone ask a question about contracts and wholesaling. They rarely get a straight answer without all the noise. As a newbie this frustrated the **** out of me. Until I said "screw the forum!" and did it the old fashion way by just going for it. It's not that hard as some make it out to be, and I hit the ground running because I followed these steps.

1. find motivated buyers.. Whether its through advertising, word of mouth, or public records. What ever it takes! They will let you know what deals they want, and in turn you will know a good deal!

2. When it comes to contracts. Go and get a professional real estate attorney!! Tell them what you want to do, and they will hold your hand through the process! Do this before you ever even consider making your first deal! This will save you so much stress and time. It's just that simple! Get an attorney, he or she will draw up contracts, close, and hold your documents in escrow. I can't stress this step enough. I got more information from an attorney then I did any book, club and even this website!

3.Find motivated sellers just like in step 1. If you can't find sellers your not motivated enough! Seriously, no matter where I'm at I can find motivated sellers.

4. Due diligence.. Pay for a professional inspection, pay for a title search, and please check for code violations!

If everything checks out, and all steps are lined up, you have a deal! There is nothing else to do accept for close. Again, your ATTORNEY will guide you through this.

Oh, for those that say you don't need money to wholesale. Uh hhhmm, they are lying to you!! Step 2 and 4 cost money whether you get the deal or not! Also, real marketing ain't cheap! If all else fails and your still lost. Use this, a.c.y.a. it stands for Always Cover Your ***! 

I just gave you the juice now go and get it!

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Welcome to BiggerPockets, this is an excellent site for real estate (actually the best, hands down).. Unfortunately people who wholesale get bashed a lot on here. 

I could write an entire post on the legalities of wholesaling. Basically if you close before you resell to your end buyer that kills the brokering without a license nonsense they throw around on this site. Get in touch with a transactional lender, JV with your buyers or..Get a license! It's less than $3,000 and it'll give you a lot more information to work with instead of relying on another agent you can become one.

The good part is it's easy to overcome the legal issues, the bad part is 95% of the people on here only talk about those solutions 5% of the time, they like to bully. Best of luck!