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Updated almost 8 years ago on . Most recent reply

User Stats

29
Posts
7
Votes
Rashawn Stevens
  • Real Estate Investor
  • Newport News, VA
7
Votes |
29
Posts

In need of Help on Wholesale Deal

Rashawn Stevens
  • Real Estate Investor
  • Newport News, VA
Posted

Hello BP, I have gotten my seller to sign the Purchase Agreement and I also have had my cash buyer sign the assignment of contract and submit me $500 non refundable EMD. There are alot of things that I am confused about 1. When your Cash buyer signs the assignment of contract do you make a separate Purchase Agreement with them? 2. When a buyer gives you non refundable EMD and the title on the property comes back dirty and the deal cant be done or the seller backs out who pays for that title search me or the End buyer?

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