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Updated about 4 years ago on . Most recent reply

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Daniel Koc
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Wholesaling | Beginner Dilemma/Questions

Daniel Koc
Posted

Hello, my name is Daniel and I recently took a complete NOSE-DIVE into wholesaling real estate. I've watched a few youtube videos. I'm in the middle of a bunch of wholesaling deals, however, I'm getting stuck since it's my first time. 

I have a few questions:

1. What comes after the seller signs the Purchase and Sale Agreement? Do I get the buyer to sign the Assignment contract or contact a title company first? What do I ask the title company? 

2. Should I be straight forward when finding a buyer? Meaning, do I make the posting/advertisement say that "this is an assignment contract"?  

3. What happens after the title company does their job & the buyer signs the assignment contract? Do I just give the buyer the contract I signed with the seller (with my name on it and the seller's)? 

4. I heard someone mention that using an Affidavit is a good option to be safe. What happens after the seller and I sign it? Do I give it to a title company? What happens with the paper in order for it to be valid? Who do I send it to? 

Thanks! 

Most Popular Reply

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340
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Ray Danishyar
  • Flipper/Rehabber
  • New York, NY
122
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340
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Ray Danishyar
  • Flipper/Rehabber
  • New York, NY
Replied

Hey Daniel - nice job nose/diving in lol nothing is better. Those questions are technical questions and you can find a lot of info on YouTube. Have you thought about how you will find distressed homeowners? That tends to be the hardest part of any wholesaling situation. 

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