SERIOUS Dilemma!

[Matthew T.]

I asked a few title companies in my area (Greenville, SC) and they told me that it's illegal to wholesale properties for the simple fact that if I didn't actually "buy" the property myself I can't turn around? and sell it it somebody else. They told me I would have to buy the property "first" and then I can sell it to my end buyer that same day. A few title companies mentioned that they didn't want to get involved in these transactions and risk going to jail. How do I handle this situation? Is there any title companies in my area (or surrounding states) that can do wholesaling closings? I was told you don't need any money to wholesale real estate but by the response I been receiving that doesn't seem to be the case. I found a lot of great deals just can't seem to get started.

Any help would be greatly appreciated. Thanks!

[Luigi Ontiveros]

Get a list of every title company in your area and call each one until one is willing to do the assignment of contract or double close for you.

If not, go to your local Real Estate investors meetings and ask around what title companies other investors are using to close their deals.

If you search hard enough , you will find what your looking for.