All Forum Posts by: Tiara Murray

So what are the most common wholesaling properties... foreclosures, FSBOs etc? And where can I find the PSA and assignment contracts?

Sounds simple, why do some investors think that its a hassle or too complicated, and why do some prefer double closings?

Thanks Chris and Erik.

I already know what the taxes would be, and I can get quotes on insurance, but how would I find out what the Principal and interest would be if I dont know what lender they are going through being that I am just the assignor of the contract?

I think I still may be a little confused on assignments, can you take me through it step by step?

And what exactly is PITI?

It seems like an assignment is more complicated than a double closing, but a double closing cost more (closing costs), which do you prefer, and with a double closing who do you close with first, the seller or the end buyer. It seems like you should close with the end buyer first so that you make sure that the funds are there for the seller at the close.

So essentially, I should have ARV, possible cash flow, and rehab estimates?

I have absolutely NO money to pay an attorney to draw up contracts. Is there a universal contract that is used, or some sort of sample contract, if so, where can I get them?

I get the double closing. What I dont get is the assignment, how exactly does it work? From what I understand I have the seller sign a purchase agreement with an assignable clause. However what I am confused on is the purchase agreement that I have the end buyer to sign, is it the same one I used for the seller?