How to find an Investor Friendly Title Company

How to find an Investor Friendly Title Company

Investor · Queens, NY · Member since 2016 · 327 posts · 152 votes

Hi, I am from New York and I am 18 years old looking to do my first wholesale deal. I have no idea how to find or get represented by a investor friendly title company and how much i have to pay. Please HELP!

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Investor · New York City, NY · Member since 2014 · 141 posts · 65 votes
10y

That would only be relevant if you're closing on the property first.  A "double closing" as they say.  Otherwise, you are assigning the contract to the purchaser and she will use her own title company for the closing.  

If on the other hand, you are ordering title prior to or shortly after entering into contract, you might want to compel the Purchaser to use your title company as a way of getting the title company reimbursed.  If you are looking for an investor friendly title company in New York City, I recommend Millennium Abstract Corp.  

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  • Investor · New York City, NY · Member since 2014 · 141 posts · 65 votes
    10y
    Jordan, relax. Whoever you wholesale the deal to will hire the title company.
  • Investor · Queens, NY · Member since 2016 · 327 posts · 152 votes
    10y
    Originally posted by @Randi Plevy:

    Jordan, relax. Whoever you wholesale the deal to will hire the title company.

     Hi, I read something that said to always use your own title company. Any thoughts?

  • Investor · New York City, NY · Member since 2014 · 141 posts · 65 votes
    10y

    That would only be relevant if you're closing on the property first.  A "double closing" as they say.  Otherwise, you are assigning the contract to the purchaser and she will use her own title company for the closing.  

    If on the other hand, you are ordering title prior to or shortly after entering into contract, you might want to compel the Purchaser to use your title company as a way of getting the title company reimbursed.  If you are looking for an investor friendly title company in New York City, I recommend Millennium Abstract Corp.  

  • Specialist · Member since 2021 · 1 post · 0 votes
    5y

    @Randi Plevy Hi Randy, would I need to hire an attorney to get assignment contracts?

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