Specialist · Dallas Fort Worth — Texas Cincinnati — Ohio Cleveland — Ohio Columbus — Ohio Jacksonville — Florida Atlanta — Georgia · Member since 2026 · 148 posts · 29 votes
Hello everyone as a beginner wholesaler I just wanted to confirm whether I could use either my sibling's or real estate agent's account to receive my assignment fee because mine is having some issues and I don't know when it would be resolved?
Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
1mo
I would assume title company would be willing to just write you a check at closing. I don’t know that you couldn’t use someone else’s account but you could cause them problems explaining the deposit to someone else. Go the easy route and just have them write you a check.
I would assume title company would be willing to just write you a check at closing. I don’t know that you couldn’t use someone else’s account but you could cause them problems explaining the deposit to someone else. Go the easy route and just have them write you a check.
@Bill B. thanks for your reply but I don't technically live their, and I am not in the country too.
Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
1mo
They can mail you a check. Maybe mail that to your sister? Then she can forward it to you. They’re probably going to want a social security number so they can get their 20-30% in taxes. If you don’t have one either your sister or realtor will have to declare the income and then send you the remainder. I’m not sure what the title company will withhold for taxes without a valid social security number, buts it’s probably 50%+. (Though a quick google says it might only be 24%. Probably bets to ask them.)