All Forum Posts by: Myron M.

Anthony thanks for that wisdom! I love simplicity in any transaction there is 2 sales and purchase agreements. Original one with seller and co wholesaler and one with me and co wholesaler with 2 different figures. And I am looking to assign to a cash buyer at a high fee. So when I close do I take all contracts to title company to properly disperse funds in the closing? I feel as long as I have the appropriate contract so it is win win win across the board I should be good right?

I am new to real estate wholesaling and I have a property under contract with a wholesaler investor. I want to make sure I executed the proper contract to control the home. Normally it is a private seller to do a (TREC) or sales and purchase agreement to assign to my cash buyer. So me and the wholesaler did a sales and purchase agreement with what he wanted and original seller needed out the deal. So I have plans to assign the new agreement to a cash buyer. Is this correct? Also, do I take one sales and purchase agreement or 2 sales and purchase agreement to title company along with my assignment contract? Because the wholesaler already has agreement with the original seller. Does that means tripple close or a double close that the wholesaler will pay the seller from his proceeds? The original seller does have a balance on the home by the way. I appreciate any advice I can get to make sure I get my assignment fee.