permission to speak please. I am new to wholesaling as some of you are. but I do feel qualified to address this discussion. Here are a few things you can do on contracts; have a title company review your contracts and answer all of your questions on the paperwork and how it needs to be structured to do what your trying to do, which is wholesale. Just tell them exactly what your doing and they will tell you exactly what they need and how it needs to be filled out. No charge. It's in their best interest to make sure that if business is going to be coming their way (from you) that they get what they need in order to process it. When I first started I simply found an investor that was selling a house, asked him for a contract so I could submit an offer, and voila, a blank contract was in my email. It was pretty straight forward and to me, that what you want, simple, practical and straight forward. When I submit an offer, which honestly isn't as much as I would like, maybe 10 or 15 total (I just started learning about wholesaling in September) I change up minor details if I need to ( closing time, deposit amt, inspection time, etc.) Another method I was told about was to just ask a realtor, in your state of course, for a contract so you can submit an offer, not all of them will send you one, but it was pretty easy for me to find one that would, then you've got a realtors contract (official). Just take out the non applicable clauses. A little bit of you tube and bigger pockets research will tell you what you need to know about clauses, general ones and ones that are specifically geared to protect your interest. then run that by your title company. You could also just get like a prepaid legal service or something. You can wholesale without much money. In 3 months I've gotten three deals under contract without any money via craigslist, driving for dollars, hiring bird dogs and a lot of networking. I know that's not a lot and apparently they weren't deals because they didn't sell but I started with zero experience and zero knowledge in real estate (ive never bought a piece of real estate in my life, investment or personal) and a very limited budget. There's several other low cost ways to market for sellers and buyers of course but that's another discussion. I do what I can with what I have and you should do the same. Wholesaling really is all about marketing though, letting people know you exist, what you do, and what you can do to solve their problem. And in order to do that on a consistent basis, and in a way that it will provide consistent income and results for you, your going to need a marketing budget and creative marketing techniques. Don't take what im saying like I'm giving advice because I'm not qualified to do that yet, I'm just reporting to you what I've learned about the business in 3 months of being in the field.
