Wholesale Question

Yeah I was one of them viewing it, so I'll jump in now.

Once you have a second contract signed with the buyer on a double close or have an assignment of contract signed with the buyer on an assignment, then, yes, most oftenly all you do is wait for closing. Now issues can come up, and that's when you need to jump to the plate. Things like title issues, cold feet from the seller or buyer, financing issues with your buyer, the buyer wanting to look at the property again, the buyer or seller wanting to renegotiate, etc.

In reference to your question about your own closing attorney, in Texas atleast, no one needs a closing attorney. It is all handled through a title company with a single title agent.

And who chooses the title company? I would highly recommend that you do. Search out and find an investor friendly title agent/company and take all your closings there. The actual federal RESPA laws that govern closing procedures actually state that the buyer is entitled to pick whatever title company they want since they will be living under the title insurance, but most people don't even know that or care. There isn't even any case law backing it up, so I don't even know why I waste my time talking about it. I don't give my buyers or sellers an option on title company. I have a wonderful title agent that will work wonders for me so I always take my closings to her. In the past when I have taken them somewhere else for one reason or another (seller/buyer has a relationship somewhere else) I have always regretted it. Working with one agent promotes a good business relationship. I can call my title agent, get a title insurance policy, and close all on the same day. I love it.