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Updated about 5 years ago on . Most recent reply

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5
Posts
1
Votes
Coralie Arango
  • New Haven, CT
1
Votes |
5
Posts

First time wholesaler what do I need to know?

Coralie Arango
  • New Haven, CT
Posted

Hi team,

I want to get started wholesaling so I can afford a rental property and begin my career in real estate,

My first question is being that I don’t have any Capital to start with what is your recommendation as far as the legality of presenting a seller with a contract? Since I know nothing of what should be in the contract how would I be able to make sure what the seller is signing is legal and correct? Would I need to present the contract to a lawyer beforehand and if so would he charge me for his services?

I totally understand the importance of having a legal team and as I grow I will have one, but since it’s my first deal and I have no money how wild I be able to ensure I am doing things the proper way contract wise?

Most Popular Reply

User Stats

1,314
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666
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Bob Prisco
  • Specialist
  • Cleveland, OH
666
Votes |
1,314
Posts
Bob Prisco
  • Specialist
  • Cleveland, OH
Replied

@Coralie Arango your ONLY option is to LEARN from those doing deals and find deals .They will pay you a fee. Save , learn, then apply what you learn. You 100% do not need a legal team, you are not signing anything just finding deals. . 

Good Luck 

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