Wholesaling help and answer
Hi everyone, looking for some help or advice on a possible wholesale going wrong...
Right now I have a seller who's looking to sell and a buyer already in the works... This happened so fast I really didn't have time to really figure out my exit stragedy and now I'm in a pickle...
My main concern here is;
1. The right and legal paperwork here for my State of Michigan. I am newly licenced also, so I'm even more confussed if I have to use the long 6 page agreement with the seller or can I use a basic P&S agreement through my LLC.
2. Also, how am I'm going to want to set this up for closing with a title company for both parties and myself to collect a check.
Long story short, I have nothing legally binding on this home, only an unrecorded option... But this seller is totally on board with me helping her out... The buyers on board also, but is only approved for a loan for the amount I'm asking... This turned out to be not a cash deal like I was figuring... Both these parties are eager, ready and waiting...
Any help would be greatly appreciated...