Wholesaling - Virtual - Oklahoma

4 Replies

Hello all!

I am interested in successes of those who have been able to perform wholesale transactions in Oklahoma successfully...semi-virtually. 

The industry I work in only allows me to be home sporadically throughout the year. I have a set 2 week on 2 week off schedule but this doesn't always work out. I'm currently marketing for wholesale deals in and around the OKC area, but I am taking the approach of doing everything virtually because I never know when I am actually going to be in the city.

So, is this being done by anyone else in Oklahoma? Are you successfully completing deals while you are away? Are there recommendations of a title company in OKC that will accommodate this sort of absenteeism? 

My biggest fear I suppose is I have a very willing seller, have someone who can check out the property so I can assess the value, I make an offer and then...I'm stuck... away from the area, not able to get a signed A & B contract, list the property for buyers, and complete the B & C contract in timely fashion. 

Please feel free to respond to this post, message me, network, etc. I am not opposed to partnering in deals to make this REI goal of myself and my family a success. Thanks for your input.

@Cameron Chesney  

Your particular situation probably lends itself better to Assignment of Contract, rather than a double closing.  With an Assignment, you wouldn't have to be at a closing at all.  The Assignment Contract between you and the end buyer could be executed via Docusign or Echosign, or some other e-signing process.

America's Private Lender
Receive Fix and Flip Funding Approval In As Little As 24 Hours!
Sharestates helps developers and brokers secure funding quickly with the most competitive terms.
Get Funded

If I was in the OKC area I'd help you out, I'm in Tulsa though so that's not very feasible. I wholeheartedly agree with Hattie, assigning contracts is probably going to be the best way for you to proceed.