Another newbie looking to enter Wholesaling RE

[Mike Nguyen]

I've made strides in the right direction and have been reading these forums up and down for the past week seeking more answers. It has only been a week since I made the decision this is what I want to pursue and I've taken a few steps in that direction. The search tool has been a true delight. But even so, I am left with a few questions and maybe someone can comment on my progress so far.

There seems to be comments regarding the legality of either wholesaling in general or double-closing in California. From the looks of the number of people who successfully wholesale in CA, I am gathering that it is indeed legal, however DCing may be an issue. Is this true or am I missing a key piece?

Does anyone have a Northern CA Specific Seller and Buyer Wholesale Agreement Contracts available? I have an appointment with a RE Lawyer on Monday, but think that if I have one handy for him to review, I may have an easier time with him (I was turned away by 2 other RE lawyers that were not familiar with wholesaling RE).

In CA can the close be done at a title company or must it be with an attorney? I'm getting mixed answers on the net. Does anyone have any recommendations?

I've formed a relationship with one of the higher yelped ranked Real Estate Agents who I will be meeting for coffee on Wednesday. He has agreed to provide me with MLS Comps in exchange for any dead leads that I may come across that I can pass on to him.

I'm reading a lot about Bandit Signs, but they also seem to be illegal with city ordinances. Does anyone have any problems with those? I am having rack cards printed to place at businesses with community boards. I am offering $500 upon a closed deal for referrals.

I have been contacted by 4 potential investors via craigslist. But a few of them seem a bit scammy per-se, but I don't see how these guys can benefit from me. Anyone have any experience with investor related scams? Two of them seem legitimate and we are in current real communication. I obviously need a larger buyers list.

If there is anyone who is either experienced, new, or interested in this venture in the Bay Area, I would also love to talk more. I am dedicated to this idea and have been doing as much research as I can (I'm still awake at 5:35AM reading more material). Perhaps we can venture this road together?

All of you have been a fantastic resource and I think this forum is absolutely amazing. I hope to be able to one day put back in as much as I have received. Thank you.