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Updated about 6 years ago on . Most recent reply

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5
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Oniaaka Allen
  • Streator, IL
2
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5
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contracts.

Oniaaka Allen
  • Streator, IL
Posted
  • My name is Onika and ( you can call me "O" I am a newbie at wholesaling real estate ...I need a mentor to help me through my first couple of transactions.. I got 2 leads  now and one of the persons has 10 properties all 11 properties are in the Illinois area.  I am willing to split 50/50 with any transaction that closes with the help of a seasoned Wholesaler.. Could a seasoned Wholesaler please email me a wholesale purchase agreement and assignment contract strictly for illinois. and anything else you think I may need ...Thanks in advance...

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12
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LaToya Harris
  • Chicago, IL
2
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12
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LaToya Harris
  • Chicago, IL
Replied

@Mike Nickles

Thank you for the helpful info you listed above - would you mind sharing the info for the title company/lawyer? I've been trying to figure out what type of contract to use as well, specifically for Illinois. I'm interested in buying REO's, and not sure what type of contract I would use to sell the property to the end buyer after the A-B transaction between me and the bank is completed. I've read that the bank will not allow me to assign a contract, and I would have to do a double closing.

Also, from your experience as a wholesaler, do you find that you need both a lawyer and title company to close deals?  Or just one of the two?

Thanks!

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