Last steps in wholesaling...

[Michael V.]

Hi BP,

Quick question, the assignment agreement will be going to my buyer as my purchase and sell agreement will be going to my seller, correct? Once finished are proceeds taken through title company 'as in' will i tell them how much i want during our discussion before closing or might it be in the assignment or purchase and sell agreement. Not sure if that makes sense but let me know if you need more info to answer this.

Thank you in advance for your time

[Michael Evans]

Here are the steps:

1. Sign the purchase agreement with the assignment clause in it that allows you to assign the agreement.

2. Have your buyer sign the assignment agreement that specifies the fee they are paying you for taking over your purchase agreement.

3. Present the assignment agreement to the escrow company showing that you have assigned the purchase contract and the fee to be paid by the buyer to you upon the close of escrow.

God Bless You!