Questions about a few steps in wholesale process
I have a few questions about the wholesale process and would appreciate someone clearing up the few questions that I have:
1. Once I get the seller to sign purchase agreement, do I take that to the title company or wait until I find a buyer to sign the assignment contract and just take both at the same time?
2.Do I give the $10-$100 earnest money deposit directly to the seller or title company? I have watched videos where some people said they gave it directly to the seller if its a small amount like $10 and some say give it to title.
3. If I have a 14 day inspection period contingency in my contract with my seller, Do I give my buyer a new 14 days to inspect once he signs the assignment contract? Or do I give him however much time I have left before my 14 days is up?
4. Once my buyer signs my assignment contract, does he give the earnest money deposit directly to me in form of cashiers check, or does he give it to the title company?