What’s Your Question for the M.O.B.? Jason here, I am a newbie to wholesaling, and I have 2 questions- #1 Do I have to have my own deposit earnest money and how much? and do I have to have my own closing cost and how much? #2 Would I need a affidavit to protect myself from a buyer or seller cross me out of a deal?

This is an awesome question, Jason.  And a good one to be thinking of as a newb. There ARE some shitty people out there who will try to snake your deal out fro under you.  Protect yourself with an Affidavit and Memorandum!

Watch this video for the answers to all of your questions!

DOWNLOAD AFFIDAVIT AND MEMORANDUM AGREEMENT

Real Estate Wholesaling

(Will Open in Google Drive)