The breakdown

4 Replies

Hello, so Ive heard the breakdown with Wholesale as far as "find the house, get the deal under contract, find buyer, sell house, get check" understandable but as for a newbie who hasn't prepared a deal yet, how does it go down entirely. I know every deal is different but the steps aren't that different are they? Like for instance, I find the house, go to the house, get it under contract and then where does going to title companies or things like that come in? Im a visual learner, so while reading and understanding the basics is goods start, I appreciate reading how it goes from start (finding the deal) to finish (shake hands, get check) so that I can invision that for myself! Thank you all for any and all input.

It depends on whether or not you are doing a simultaneous close (aka...double escrow) or an assignment of contract.  What is your plan in that regard?

Check out Sean Terry's podcast, you'll learn everything you need to know about wholesaling.  His website is flip2freedom.com.  Good luck and let me know if I can be of further assistance.  

Originally posted by @Hattie Dizmond:

It depends on whether or not you are doing a simultaneous close (aka...double escrow) or an assignment of contract.  What is your plan in that regard?

 Thank you Hattie I guess Im confused on the two. Ive only known of the assignment of contract but I know if you find a buyer you can do the double close. In my plan, I would prefer the assignment of contract because that's what I know and have been taught more about. How does the double close work?

Thank you David, will do!!