All Forum Posts by: Vasilii Higgs

@Erwin Groenendijk , thank you for your responses! The thing is - I want to wholesale virtually in the United States.

I don't want to start doing it here in Spain (or most of the Europe for that reason):

1. 1. because of the non-disclosure rules about price history of a property
2. 2. because the housing consists of mostly apartments (one of the highest percentage of share of apartments compared to other types of housing like detached and semi-detached houses in Europe) wich means there is little you can do about improvements in a dwelling - you don't control the facade, the roof, the engineering in the building, wich in turn means there is little negotiation room and spread in profits. 
3. 3. because in Spanish there is just no literature, blogs, nothing in the internet for wholesaling (as in US version) or deal sourcing (as in UK), so I will be acting blindly
4. 4. I am not sure if here there are as many cash buyers like there are in US, that do the same thing 

 It must be working but the whole other way - the way I don't know and have no idea about, wich is why doing it online sounds much more attractive. 

Maybe later, when I'll learn how to do it, I can adapt it in Spain, but later. 

Hi @Erwin Groenendijk, not the sellers, by the "Title company" (or a "closing agent" or an "attorney" as they call them in different us states) I mean a company that checks the title history and presence of other encumbrances with the property and makes the transaction happen between the seller and the buyer and also takes care of dealing with my assignment fee - the spread between the price in my contract and the price that the final buyer pays (wholesale profit). 

Using these two companies I would just get the straight cash transfer, (recieveng cash right in the Western Union office for example) using just my passport.

IBAN number is the bank account number - the exact thing that I cannot get right now because of my russiansness and that's why I look for other options

Hi Bigger Pockets, I need your help ! :)
Can somebody kindly tell me if I can do that, please :
I want to start wholesaling virtually from abroad. I am a 22-years old Russian guy , I came to Spain two years ago and I didn't get any legal residence here yet, and in these two years I have saved some money for a couple months ahead to fund my start in wholesaling. I even have a US LLC open. The issue now is that most of the banks don't open accounts for russian citizens because of the war (wich I am totally against of ) and I wonder if I can ask the title company on the closing of the deal to send me money via the Western Union or MoneyGram to Spain. Do you think a title company will have an issue with that, or it's a normal situation and they can do that with no questions just as when they write a check?

Thank you!