I personally spent years trying to learn how to find deals and I know very few people who is as good as me. I worked for a group of investors finding deals for them. To hit my quota I had to find 10 deals every month that fit their specific criteria.
Knowing how to find deals is not the most important thing that brings success in real estate.
Obviously the first question is how to get around the assignment clause that most banks have in their contract. What I do now, since I flip so many deals, I either double close or I have multiple hard money lenders that give me access to the money to wholesale my deals even if I have to close on them before I actually sell them.
Although there are a lot of similarities between bird dogging and beginning wholesaling, they are definitely not the same. The largest difference between them is control, especially over who has the buyers.
Let’s say you are interested in getting started wholesaling properties but not sure what the state laws are concerning this kind of real estate transactions and you don’t want to break any laws unknowingly.
Unfortunately, most of the time you cannot use assignments on foreclosures. In case of REOs, most banks will have it in their contract that it is not assignable.
