wholesale potential deal HELP NEEDED =)
Hi BP fam, my name is Tamika im a new wholesaler in Brooklyn ny. I came across an excellent deal . The seller is very motivated (I spoke to agent about property) its practically a steal. I just hope I can get it before someone snags it . my issues are
#1 writing an agreement of purchase and sale and possibly would need an addendum if the agent isn't investor friendly and insist on using the realtors contract .
#2 I have no idea the process of using a title company I know you have to show them the signed agreement and open title , right? but how much does it cost to do so and how to approach the title company ?
#3 does any one know of an investor friendly title company in Brooklyn ?
# If put a 10$ deposit in hand to seller would I still need to go to the title company or could the end buyer just do that and I go along to see how it would be done ?
#4 how do I get the commission ? how do I know when they are closing on the deal ?
YES IM MOTIVATED AND BRAND NEW =) this would be my first deal . Im doing this for my family im 19, don't want to make a mistake cause I dont want no jail time lol.