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Updated almost 13 years ago,
newbie questions
Ok so I have done lots and lots of research and have come down to a few conclusions,
1. anymore info and i'm gonna info overload myself before I actually do it, I need to just do it and keep learning once I take action
2. I know NOW the wholesaling process is actually really basically simple, what's confusing is the more info you read the more confused you get but it's actually pretty simple.
So now for the questions of a couple things i still dont understand
1. What happens if I put a contract under aggrement and then can not find a buyer for whatever reason, is there a contingency I need to put in my contract that basically states i'm not liable to purchase the property? or do I simply back out by telling them so?. I know you dont want to cause it gives u a bad name but I'm just curious
2. Should I be up front to home owners and tell them my sole purpose of my interest in the property is that I am gonna get them cash quick buy assigning the property to an investor I have on my buyers list and he or she will pay cash?
3. How do I find out if the title of the house is clear before i put it under contract?
I have more quesitons but that's it for now. thank you everyone who replies