Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

Account Closed
  • Orangevale, CA
8
Votes |
10
Posts

Lots of Random Wholesaling Questions From a Newbie

Account Closed
  • Orangevale, CA
Posted

Hello BiggerPocketeers!

I am preparing to start marketing for wholesale deals as a side hustle and have run into a few questions that I need to be answered before really getting going. 

Context: 

  • I have my real estate license, which is listed under my mother's broker's license 
  • I live in Northern California (Sacramento area) 
  • My plan was to build or buy a list of absentee/pre-foreclosure/tax delinquent homeowners, skip trace them, then cold call to get deals through the pipeline.

Questions :

  1. Since I have my license, should I consider double closing? Or would that just be a waste of time and money?
  2. Is the person I am assigning the contract to the one who pays for the title fees, and all fees for that matter?
  3. Does anyone have a simple phone script for cold calling outbound to people on my list? I have a good idea: "Hello, my name is Nolan, I was calling because I am a local investor and lisenced real estate agent, and I noticed your home was (absentee/pre-for/taxes). So I wanted to see if you would be interested in (this is where I get stuck on my wording) scheduling a time for me to come by the property to make an offer to buy it?"
  4. How do California wholesalers usually structure the contract (EMD? timeframe? option)?
  5. What else am I missing that any newbie MUST know? (this is more to avoid any risks rather than how to find deals)

-Nolan

Loading replies...