Question about Quitclaim deeds

[Christopher Um]

I understand the concept of making an offer with a standard purchase agreement, and drawing up an addendum to add someone on to title. And once the property is sold, you deed your title off the contract with a quitclaim deed.

I am just wondering where am I suppose to get paid? Do I ask for a fee on the addendum, the quitclaim deed?

This is a new strategy I am considering when wholesaling properties already listed with a realtor.

Any advice would be great thanks!

[Stephani Davis]

I did my first 3 REO wholesale deals in this manner.

After closing, my end buyer gives me my wholesale fee, and I give him a quit claim deed in exchange.

I would have an atty draw up the paperwork for you the first time you do it..