Crossville, TN · Member since 2014 · 8 posts · 2 votes
Hi everyone! I am new to investing and have decided to start with wholesale deals. I have read a decent amount of information on the subject but still have a lot of questions that I won't post separately on this forum. I have searched through previous posts but need more clarity on a lot of things. If there are any good samaritans that wouldn't mind offering your expertise I would greatly appreciate it! You can contact me at [REMOVED]. Thanks.
Crossville, TN · Member since 2014 · 8 posts · 2 votes
12y
Thanks for your responses J Scott and Gerald. I basically understand the general idea of wholesaling as far as finding the seller and buyer (and the marketing aspect) but I don't really understand any of the other details as far as what is supposed to be in the contracts, what my responsibilities are in the whole process, when to go to the title companies and what to say to them. Basically, all of the smaller but very important details. All the articles and videos that I've watched do not explain all that type of stuff.
Residential Real Estate Broker · Kingman, AZ · Member since 2014 · 131 posts · 18 votes
12y
@Nicole Payne, welcome to this wonderful site. I am a newbie on here too. Believe me u will get the answers just by asking on here... sometimes it is overwhelming but it is wonderful knowledge. Just be a little patient and don't forget to put in your keywords... they help so much.
...but I don't really understand any of the other details as far as what is supposed to be in the contracts, what my responsibilities are in the whole process, when to go to the title companies and what to say to them. Basically, all of the smaller but very important details. All the articles and videos that I've watched do not explain all that type of stuff.
I would suggest spending a couple weeks reading through the old threads in the Wholesaling forum here...all this information is available if you search for it...
First, understand what it means to wholesale a property.
Then contact an investor friendly agent or attorney and tell them you are wholesaling, you can get the proper contract from either. Even title co. can help you with a contract.
When you find an investor friednly title co. you need to know if they work with assignments, double close, dry or wet closings etc. If you do not know what those mean then search.
But you need to present yourself as knowledgeable when approaching attorneys, agents, title cos, etc., all of which are essential to wholesaling.