Real Estate Wholesaling Questions & Answers

User Stats


First Wholesaling Deal - What is Next?

Posted Jul 19 2022, 19:33

First wholesale deal and I’m stumbling through this but I think I am done? No, this can’t be real…

So here is what I did:

1. Found seller and got them to sign a sales contract with me for a certain price. (Cold calling vacant properties - 25k rehab needed, floors/carpet/paint and maybe some new appliances if you’re feeling frisky)

2. Sent to title company with EMD

3.  Added my markup, assigned the contract to a cash buyer. Got the cash buyer to sign the assignment contract (cold called cash buyers - sent pictures and FaceTimed him with another walkthrough)

4. Sent this contract to title company with buyers deposit and POF (idk if the title company needs this but I sent it with the buyers permission)

5. Orchestrated closing dates between buyer and seller - set for next week

Did I miss anything or is this going way too smooth? Is the title company going to hit us with something crazy?

Pittsburgh, Pennsylvania

Loading replies...

Log In or Sign Up to Reply