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Posted about 15 years ago

Newbie Wholesaler

So... I wanted to start wholesaling real estate... Watched a couple You tube videos (great info source).  Then went out looking for houses.  Found a house, made an offer, signed the contract, and now I'm looking for investor/buyer.  Have a meeting with one tomorrow night.  Tried to find title company to facilitate transaction but none knew what I was talking about banghead (assignment contracts), even attorneys were confused eyecrazy,  Oh and did you know it's hard to find independent title companies now..  Most attornies have their own.  So finally found a title company.  Stay tuned!!

Comments (3)

  1. Yvonne, finding a title company for assignments is going to be tough. Regulations had tighten on title companies, as they are getting audited and squeezed. Years ago people would tie up a property with an EMD, find a buyer, use the buyers money to buy the property, sell it to them and keep the difference, but those days are long gone.


  2. Yvonne - Perhaps some time spent on our <a href="http://www.biggerpockets.com/forums/93-wholesaling-forum">wholesaling forums</a> will prove to be helpful in assisting you and your challenges?


  3. Good luck with this...keep us posted. How much is the assignment fee you are going for?