All Forum Posts by: Teri M.

I heard that another wholesaler could assign me the deal then I could double close on it. I just thought maybe I could find a deal faster with a wholesaler to start since I'm kind of having a hard time getting in touch with property owners of unlisted houses until I could find a deal on my own. So its better not to deal with other wholesalers?

Thanks jon! I have an appt. tomorrow morning with a title company that does DC's and seems to understand me but what to further discuss it at no charge! I will Hopefully get everything settled tomorrow! Also still having a hard time finding sellers but tomorrow I will see if I can find some other wholesalers to work with that already have deals available. So ready to get started!

Can a double closing be done as where u would close with buyer 1st then use their funds to close with seller then everything get recorded after? To avoid having to use a transactional funder and their fees. Greatly appreciate any replies!

Thanks Tim, any help would be greatly appreciated!

Thanks everyone!

Thanks for your input. It's basically just newbie jitters!! I just dont want to run into any problems or mistakes when I get started, trying to prevent them if possible! This is my dream goal and will be in it for the long haul so I want to make sure of everything, preventing mistakes if possible so I can have a great reputation. This is a great site and really appreciate everyone answering my questions! I am feeling more and more confident everyday!

Robert, understand that I'm a newbie here and not as experienced as the rest of you. Thats why I'm asking so many questions, to learn and get advise from the experienced. I have nothing to hide or be ashamed of and definately not doing anything illegal, thats why I'm trying to learn as much as I can to make sure I do everything right and legal. I will be upfront with my "buyers" that I'm wholesaling,was just asking incase I would ever land a big deal that allows a big profit. And I am more worried that "sellers" dont want to sign a contract with a 3rd prty and kill the deal. I would rather let them(seller) know that I'm an investor and do a double close but not let them know I'm a 3rd party. Thats funny you would come at me like that when "you do it all the time", what is your reason for being so discreet? Not being rude just wondering how u can be so neg. when u do it ur self.

Thanks! Look forward to working with you!

Thanks robert, my flash funder will provide me a POF letter that I can use. just wasnt sure what to put on contract. I will get with them on that.

I heard of wholesalers on hear saying they make the buyer pay them a non-refundable earnest money deposit to make sure they are serious that way if the buyer happens to back out at last minute u still made money on the deal. Just want to make sure of everything that can be done, any other replies would greatly be appreciated!