Wholesale questions I have't found answers for yet

[Raul Pinalez]

Hey everybody, I hope all is well. I have been looking through forums and watching videos on youtube and just absorbing every bit of information I can about wholesaling. I'm currently waiting for the Trec to go over my Fitness Determination application and in the meantime I wanted to dive into wholesaling. And after everything I've come across I still have a few questions that I just haven't been able to find the answers to. Any replies will be greatly appreciated. Questions are:

1) When using the Trec 1-4 resale contract, is there a particular addendum that you put in paragraph 11 special provisions?

2) How long usually is your option period?

2b) Does the Trec 1-4 contract expire if the you can't find a cash buyer within the days stated in the contract? If so,

2c) Besides the potential loss of your earnest money, is there anything else to be made aware of?

3) Does the seller give you the SDN and then you hand it over to the cash buyer? Normal procedure?

4) Is working with agents usually a case by case situation? I've seen about half like working with agents and the other half not so much

5) Is there an agreement that you have the seller/buyer sign to make sure they don't go behind your back and complete the deal without you?

6) For wholesaling commercial property and undeveloped land, do you use the related contracts found on Trec's website?

7) I've been looking into Dealmachine to help with virtual wholesaling, does anybody have any experience with it?

I apologize if these questions seem elementary, I want to make sure I'm crossing my T's and dotting all my I's. If there's anything else I seem to be missing, please let me know. Thanks!