Wholesaling Properties using a Trust

[Jonathan Trotman]

Hi,

I'm new to investing in real estate and plan to start my investing business through wholesaling. One method I learned about was wholesaling through trusts. My understanding is I would enter a trust agreement with the property seller and this would establish the initial contract to purchase the property. Then I would assign my rights to the trust to an end buyer for a fee.

I understand that certain states/counties have a standard purchase agreement that is used to purchase properties in the particular area. My question is, is wholesaling with a trust an option in New York or New Jersey? I've been told that there is a standard purchase agreement that is used to purchase properties in these states.

If someone could clear this up for me, I'd really appreciate it.

Thank you