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Updated about 6 years ago,

Account Closed
  • Realtor
  • Cape May, NJ
5
Votes |
8
Posts

Need some advice getting started with wholesaling

Account Closed
  • Realtor
  • Cape May, NJ
Posted
Hi BP community! I’m just getting started in wholesaling and have some questions. I’ve been reading, watching, listening to everything I can get my hands on. Forums here on BP, Cory Sperber, Sean Terry, Don Costa, The Flipman, to name a few. I found a few potential properties I’d like to reach out to. I’m probably going to start with DM and maybe some cold calling. I’m starting out with assignments as well. I’m a realtor in New Jersey, mainly southern in Cape May and Atlantic counties. I know I have to disclose to all parties and in the contracts that I am a realtor. So first question is, do I have to disclose being a realtor in my marketing? I’m not trying to hide anything, just wanted to see how that goes. Also, if anyone else is a realtor - what do you say in your disclosures in marketing? Second question is about EMD. I see mixed answers about this. Do I, The wholesaler, put the EMD down when I sign the contract with the seller? Or does the end buyer put it down? Third question is how does it work when the property has back taxes, liens, etc on it? Thank you in advance to anyone willing to help out!

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