Wholesaling out of state?

Question

How am I to get a contract with a seller if we never meet in person? I'm under the impression we can fax the contract over and have them sign it to fax back to us. Do I need them to get it notarized? Someone please help as I have a potential property outside my state!

Ken B · Answer

TTT! Looking to see more experienced out of state wholesalers add to the info!

Jeff Fairchild · Answer

Russell,

Notarized as in the seller out of state goes into the credit union w/ the notary?  Ive heard that some states require the buyer and seller to be in same place w/ notary.

How can I find out if my state requires Notary, or is it the seller's state I would need to know?

If either my or the seller's states require notary does that mean I can't do the deal?

Russell Chestang · Answer

It is smart and safer to require all forms to be notarized before they are shipped. Most credit unions have a free notary on site.

Sean L. · Answer

I personally use www.DocuSign.net for all of my documents. It is one heck of a service for the virtual wholesaler.

Now you can wholesale from Cabo!

Jason Cummins · Answer

The closing will happen in the state of the property.

Shi'Mere Andrus · Answer

Where should the closing happen?  At title company or the "out state" title company where the seller and the potential end buyer are at?

Dawn Vought · Answer

Your title company should be getting ID in order to close the transaction.  Some of the documents may need to be notarized, depending on your state regulations or normal practices.

Jason Cummins · Answer

when it goes to closing if the signatures arent close to resembling they will know something is up and not close

basically you will need to trust them, there is no actual way you will know

M Lang · Answer

But how do I know the actual people are signing the contract?

Account Closed · Answer

Check out efax.com to send a fax online.

Regards,