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Updated over 3 years ago, 05/23/2021
Starting wholesale investment
Hello I have some questions about whole-selling. I’m looking to own rental properties but I wanted to gain my cash. So I wanted to do a few wholesale deals but I’m a little lost on some aspects of it. Again I’m new to it all so I just need some help. Question 1 when I find a deal how do I write the contract with the seller? Questions 2 when I’m selling it to an investor so I they’ll them it’s my property or tell them I’m in wholesale deal?
Last question also when I have a deal under contract, how does it work when I’m selling it to the investor, meaning do I make another contract with them and they pay me first then I pay the seller or do I just sell investor the contract I have and they give me money on the side for finders fees ? Kinda lost please help