The point I am getting at is there is not a lot of wholesale properties where I live, so I would kind of like to poke the foreclosure market.

A wholesaler who wants to be in business next week will have no problem with this as he has to build trust with his buyers.

In the state of new jersey all junior liens are extinguished at the auction.

Meeting actual people who are making a living in this field might help alleviate his fears.Second, you could wholesale a property by yourself and make some money with very little risk.

Hi Gavin,I am also from Central New Jersey.

I'm a wholesaler and mortgage broker, looking to network with fellow investors in the RIV, OC and LA counties.

as far as not needing "any money" to wholesale - in new york for instance - a real estate contract is considered void if there is no consideration in the deal.

Some rehabbers might need a 10K minimum profit to do the deal, and others may want a 20% profit spread.As a wholesaler, you need to know your customer.

Hello from New Jersey, I'm a real estate agent who wants to become an investor and I know that this is the best place to exchange information on the subject.

I personally don't use contingency clauses, but I do recommend that beginning wholesalers should to protect themselves.I have never, yes that's never, had a buyer for a double closing back out, and I've done quite a few of them.