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Updated over 1 year ago on . Most recent reply

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Torianne Baley
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First Step Once Buyer Found

Torianne Baley
Posted

Wholesalers! What's your first step when you find a buyer. POF request, EMD discussion, or complete assignment agreement

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David Ramirez
  • Investor
  • Tampa, FL
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David Ramirez
  • Investor
  • Tampa, FL
Replied

Agree 100% with @Katlynn Teague 

The only thing I would add is to make sure you verify the entity under which your buyer is making the purchase. Ensure that the buyer is an actual manager of their LLC, and if there are additional owners, make sure to obtain their signatures as well. This is important unless they have granted a Power of Attorney, or if their Operating Agreement specifies that any partner can sign on behalf of the company. Additionally, verify that the LLC is active and in good standing.

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