Going through Escrow Instead Of Putting A House Under Contract When Wholesaling?

Question

I listened to a BP Podcast not long ago where the investor said that he sends his agreements through Escrow instead of placing them under contract when wholesaling properties. Does anyone else use this method & how exactly would that work? Are the deals placed in Escrow with the Title Company or is there some other entity used? I've done a lot of studying but I'd never heard of this before & I'd like to know the exact steps of such a process. Anyone else familiar with it?

J. Lancaster · Answer

Hey Dylan S. did you go check out the show notes for that podcast? Aaron Mazzrillo does clarify a lot there but I still had a couple question on specific aspects I wasn't sure on. Like Title & whether the property's actually locked up if there's no Contract. But I f you read those show notes you guaranteed to learn evn more than you'd expect. That dude is Friggin Rockstar!

J. Lancaster · Answer

Dylan S. Podcast #37. Apologies for the delay buddy. Was on a live webinar. Yes I'm about to haed over to the show notes now & see if I can get him to explain that to me in detail.

Dylan Swanson · Answer

Yeah, @J. Lancaster, I got through a good chunk of it...still got more to go :)

Dylan Swanson · Answer

Hey J. Lancaster, I remember hearing that too.  Which podcast episode number was that again?

J. Lancaster · Answer

@Brett Russell Ok thanks I'll do that.

Brett Russell · Answer

@J. Lancaster , might be worthwhile to post that question in the show notes for that podcast episode.

J. Lancaster · Answer

@Chris K. Right. I'm really curious to find out how this works. Have you ever heard anyone else mention this method?

Chris K. · Answer

I'm curious about this as I recently listened to that podcast. He said something to the effect of he doesn't worry much about the contract cause the escrow holds alot more weight than the contract. I'd like to know how that works also.