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Updated about 12 years ago on . Most recent reply

User Stats

71
Posts
7
Votes
Jason Varney
  • Investor
  • Jacksonville Beach, FL
7
Votes |
71
Posts

Under Contract: What's first?

Jason Varney
  • Investor
  • Jacksonville Beach, FL
Posted

Hey BP,

When getting a property under contract with intent to wholesale, do you send the signed contract to your title company to have them start the work? Or should you typically wait to have a buyer lined up before you do this?

I'm thinking getting title started right away to make the process quick and easy when I have a buyer lined up, then just submit our assignment contract to the title company. Right approach here? The last time I wholesaled a property I had a buyer within an hour so this wasn't really an issue but I haven't marketed this property yet and just wanting to prepare for all scenarios, including one where I dont get a buyer right off the bat. Thanks.

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