Need an advice on purchasing SFH from wholesaler

[Tatiana Yurshevich]

Hello All!

I'm a new investor based in Seattle and I got a good deal on SFH from a wholesaler from North Carolina.

Can you please tell me how the purchasing process will look like? Do I need an attorney to represent me (I'm out of state)?

Who is going to check the title (me or the lender)?

Any information is much appreciated since I really want to make it work.

Thanks in advance!

[Don-Carlos Moniz]

@Tatiana Yurshevich,

Welcome to the forum. North Carolina is an attorney state, so you will have to retain the services of a lawyer to close.

I would encourage you to use a local (to your deal) attorney that specializes in real estate. Most of the attorneys have one (or more) title companies they routinely work with, but you don't have to use one of their preferred title companies.

I can recommend a couple of attorneys in the Fayetteville and Raleigh area. When looking for an attorney, make sure you ask if they will work a wholesale deal. Like a lot of states, wholesaling in NC is getting a lot of attention. It's not illegal, but some attorneys won't handle wholesale closings.

If you have any more questions, don't hesitate to ask.