My name is Chelsea and I started looking into the wholesaling about 5 months ago. Now that I have the knowledge I am ready to start this journey. However there is a couple of things that are in my way and I need clarification before I execute the process.
I had spoken with a attorney (which was a wast of my time) to look over a purchase and sale agreement contract that I had pulled from online and had edited myself as well. He gave me nothing but negative feedback, no contract and tried if anything to discourage me from doing this in the first place. He basically said without saying if you don't money to purchase don't get into wholesaling. (Now we all know that majority of wholesalers that started of were either broke or in a financial situation and wanted financial freedom).
Now me doing my research
I do know that I can use inspections clauses and or due diligence clauses in my contract to ESCAPE if need be.
My first question I guess, does any wholesalers/investors in the Albany and/or Troy are know of any Attorneys that knows about wholesaling contracts and have a friendly title company as well associated or just investor friendly title companies .. ?
Take action Chelsea!
I haven't done my first deal but I've been striving to. What I did first was line up my buyers and find a title company that can close my deals. The way you do that is, go on google type in all the title companies near your area and start dialing! Some will say no they can't do it, but more no's means you are nearer to a yes. "Are you guys familiar with working with investors? If so, can you guys close this particular deal? *Explain to them what you are trying to do* Again some will say no, but one will guide you along the way (: Remember these title companies want your business as well, as much as you need them, they need you! Have that mindset!
(Answering your question) Once you get that friendly title company, send them over your contract, and have them even help you out. You'll be surprised they are willing to help.
Ahh man thanks !
I wouldn't give up even if I heard a dozen of NO's. Thanks for the advice, I will be testing this method out.
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