Investors who stay in tune with the local marketplace and apply the 70% formula as a guideline instead of a blanket rule will make their offers more competitive and their investments more lucrative.This post originally appeared on the BiggerPockets blog.

If so, is this something I can get a template of online or do I need to seek one of these documents from an attorney to then present back to attorney signed by both parties to then draft a formal contract?

Check out other online guides available here: https://www.biggerpockets.com/guides3.

Attend local REI (Real Estate Investor) meetups and consider joining online communities like Bigger Pockets for continuous learning.Step 2: Be Strategic About WholesalingWholesaling can be a great way to generate capital, but it’s essential to fully understand the legal and logistical intricacies.

Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too.

Check out other online guides available here: https://www.biggerpockets.com/guides3.

DM me and I can send you the schedule online for them if you want to come North, but I am also happy to connect you with a couple investors right in your area who are active and go to meetups in Monmouth.

.- You might also look into staging the property or taking high-quality photos to make it more appealing online.- Another option is to list it on multiple platforms, including local real estate groups and social media.

There are lots of people operating illegally and you can find them advertising properties illegally all over the BP Marketplace. 

Rentmarketplace.com helps with the online application process.