Updated over 3 years ago on . Most recent reply
advantage edge in wholesaling
As I am new in your market I’m searching for an competitive edge .
Obviously my preferred way to do business in with an assignment of contract, but as I’m new and you cannot vouch yet for my professionalism or reliability I want to setup a construction where the seller can call the title company to be assured that the deal will go true.
My question :
Is it possible to put x amount for example 200 000 $ on an escrow account at the title company which will serve as a guarantee for the seller?
In case I find a assignee, this money will not be touched and will be used to assure the seller from the next deal.
In case I don’t find a assignee, this money will be used to close the deal, in this case the assignment contract need to be converted to a Sale agreement .
So I will do a double close once I found the buyer.
Is the above construction possible?
What are great sources these days to find buyers?