New Investor - Wholesaling

[Giovanni Brown]

Hello everyone! I am relatively new real estate investing but have done my fair share of researching and am now looking to start up my business centered around wholesaling then work my way up to Fix & Flips, Holds, and Rental properties. My area of interest is Southern California and Missouri. I am open to private messages or replies on this thread whatever is most convenient for you (also looking for advice from fellow wholesalers in these areas). So currently I am looking for someone who is experienced in wholesaling in these areas or anyone in general that may be able to offer advice on any of the following (even if its just one topic):

1. Legality - As wholesaling is legal "if you do it right" does anyone have insight on how to set up contracts to be compliant with real estate law in CA and MO

• Additionally for CA it seems as if their Law spells out the stipulations of being a real estate broker and limits "sales/exchanges/purchases etc. of property sales contracts" to 7 within a calendar year and anything over that requires a license. Has anyone faced a hiccup like this or had to deal with litigation if you have no license and do multiple deals ( ≥8 contracts) in a calendar year?

2. Advertisement - Any advice on the following or links to resources would be greatly appreciated for MO and CA

• Generating motivated seller leads
• How to correctly market contracts or advertise to the general public without a real estate agent or brokers license
  • Direct Mail
  • Internet
  • Social Media

3. Any advice or links to resources would be greatly appreciated for MO and CA:

• Starting my buyers list
• Difference between Hard Money lenders and Soft Money lenders
  
  • whats considered a good deal on points and interest
• Knowledgeable Real Estate Professionals (Wholesaling specific)
  • CPA in CA
  • Attorney in CA
  • Escrow agents or companies in CA (familiar with double closing)

4. Any links on how to evaluate rehab cost

• I've seen articles on here for a quick and dirty way of estimating based on cost per square foot, does anyone use this method?

Any information on any of these topics even if you can speak to one and not the others would be highly appreciated.

Thank you all and best of wishes!