Please HELP!: wholesaling questions (im tyring to start)

[Amurabi Rodriguez]

1. After finding an off-market deal and agreeing on the deal with the seller, who would  provide the contract agreement? 

2. Is it better to do off-market deals or deals on-market that require a real estate agent?

3. Is it late to start wholesaling?

[Daniel Chavez]

1) You would provide the contract agreement. If you don’t already have one, you can find any generic one off of google. I would just change it a bit, as there is such a thing as too generic. Also, make sure that you understand the terms of the contract. It is legally binding, after all, so make sure you know what your signing/promising. 

2) Off vs on market/RE agent deals is very much up to personal opinion and your market. I've heard dozens of times that MLS is not the way to go for wholesaling, both from other wholesalers and agents, yet I know and know of people who get most of their deals from the MLS. Some markets make finding MLS deals easier than others, but hey, if you can make it work, who's to say that you can't use the MLS?

3) It's never too late to start wholesaling. I'm just getting started myself, so sorry if I'm not giving the most helpful advice, but the best time to start is always now. I was just listening to a podcast earlier this week, and the guest on the podcast was a 19 year old from New York, who started wholesaling like 10 months ago after they first had their COVID shutdown. And she got her first deal from the MLS if I remember correctly. So clearly, it's never too late (or too early) to start.

Just to clarify though, since I’ve seen a few posts this week on this forum from teenagers and Idk your age, wait until your an adult to actually start wholesaling.