What should wholesaling contracts in Michigan consist of?

[Joe Standley]

I have a basic understanding and knowledge of how wholesaling works, and would like to participate as it seems to be a low cost option to get started with real estate investing. I've never done any wholesaling deals before, but I have heard a lot about it between the BiggerPockets podcast and what I have been reading. What appeals to me about it is that you don't have to spend a lot of money to get started compared to flipping houses or buying and renovating soon to be rentals. I'd like to generate some capital for some larger projects in the future, but I am unsure of what the wholesaling paperwork consists of. I understand that there is an assignment contract, but I don't know what that looks like or consists of. What other paperwork is necessary? As I have said, I understand the concept of wholesaling, but I am struggling with how to execute on the documentation side of things. Any advice would be much appreciated along with any tips and tricks you might have. Thank you in advance!

[Samary Agosto]

@Joe Standley for wholesaling your 2 main contracts are the purchase and sales agreement and the assignment agreement .... the purchase and sales is what you use with your seller and the assignment is with your buyer ... depending on the state you are planning to wholesale in, both of these will go to either title or closing attorneys ... as far as tips go, I would say once you start, stay consistent and persistent, look for either a mentor or someone that you can learn from and that can help you through process when you have questions... good luck with everything