You asked what price range I was going to be doing....and at first the intent is to start with "starter" houses in decent neighborhoods that will sell for $105,000-$115,000.

Well I had the mindset on buying my first single family home and living in it with the intention of renting it out to tenants in the future.

We are planning on disclosing We just weren't sure if it should be on the Intent to purchase contract or after acceptance..

I took your advice and called up the seller and clarified my intentions on wholesaling the property and never taking posession myself.

You're taking a property off the market, if you fail to perform and the contract is seen as a bogus contract, no real intent to buy or ability to buy, forget what your disclosures say you could be held liable for damages suffered by the seller.

And in all actuality, a huge number of those (as I look through my notifications) come from well intentioned folks directing those new comers to resources.Having said that, I don't care how saturated your market is...

The issue about having a clear title got me thinking - (and maybe some of you more experienced wholesalers can help answer this), if our intent is to wholesale a property (by assigning an option, like Matt did), should it just be a standard order of business to order a title search and/or title commitment immediately after we get a deal under contract?

Bob decides that there are some repairs that need to be done and assumes that the owner has no intention of fixing these things (he even admits that he made that assumption).

@Vincent N ,Just be careful you must be sure that you can document your intent is to hold for investment as opposed to Flip.

., they know you are offering a lowball kind of price and your intentions), but the legalities of what you do are different than those an agent/broker is bound by.