How do i takeoff in Wholesaling?

[Ahmad Monty]

how exactly do i start? im 21 years old and I took an interest in real estate and i want to get started with whole saling. i understand that you need to find a house below market deal and then negotiate a contract with the homeseller. my question is how exactly are these contracts executed and do you need money? because i have none and i want to find a house deal, analyze it, then advertise it to a potential buyer. I've already taken a few steps in jotting down numbers off for sell signs to try and build a potential buyers list but what do i do from here?? im lost

[Nick Basye]

It's a marketing game.. optimize a marketing strategy to let people know what you do. I would strongly suggest you find some local real estate investor meetings in your area, you'll find more cash buyers and other people in the local industry, it is very very useful to build those relationships. Ask those cash buyers what they are looking for and their criteria if any, use that as a template when running numbers. You can also likely get contracts and documents that they are using regularly. When you lock down a property using a contract, in that contract you have it spelled out that you have the right to assign it or 'your name and assigns' , this is where you sell the contract(your equitable interest in the property) to a cash buyer. Another contract is used for that component of the deal between the cash buyer and you for your assignment free, never be too greedy about your fees, keep good relationships and always go for win-win deals on all sides.