All Forum Posts by: Karen G

Can you give me a few details on how I can accomplish a double closing without needing financing? What step would I follow to accomplish that? I'm in NY.

Assignment works better for me because my credit is not good and financing will be a problem.

I now have a better understanding of wholesaling. Thank you everyone for the input. I do however have a few questions:

They may seem like strange questions but they came to me while reading. Hope someone can answer them for me.

1) How do you get the buyer to do an assignment contract and pay you the difference? Would the buyer know that he is paying a few thousand over what they could have saved?

2)Do wholesaler go to closings?

3)If i am wholesaling a deal to someone whom I suspect is doing the same thing, will the deal work in the end?

4) When do you get paid on the deal? (It seem before closing on an assignment contract deal but I want to be certain.)

5)At the closing won't it be odd that a different person will be there? When the seller realizes that that's not the person he made the deal/contract with?

Well that sounds like a better way for me to get into RE investing to get my feet wet. I will read the post again in this section. I guess I really misunderstood about wholesaling.
So, pretty much I just find the deals and make an offer then find someone who wants to but it from me?

How do you get started in wholesaling? My credit isn't the best. I am in the process of repairing and that will take at least 18 months. But i do not want to wait that long. How can I find the financing available to acquire all these great deals in my area in order to wholesale it.