Ok so basically I went to this rich that seminar on Thursday and get introduced to the world of real estate investing. My credit is bad and according to my wallet ... I,m not even close to by a house. I'm looking into that wholesaling thing and it seems really interesting however it generates a lot of questions: DId I understand?Tell me if I am wrong: first you make a contract with a seller(but what is that contract about? having the exclusivity on a property, fixing a cost such as when your making an offer to buy a house)
then you make a contract with a investor stating that you are charging him an assignment fee.
and finally I close the deal.
second question: How do I make this legally in my part of the world (Québec, Canada) without paying a fortune in lawyer/notary.
Third is there a way I can possibly see a sample wholesaling contract?
