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Updated almost 2 years ago,
Wholesaling in Devner, CO
I am new to investing and I am looking to do wholesale because I have essentially $0 to start my own. I want to get into househacking and the BRRRR method, but I need some capital for the 3.5% - and if anyone knows the prices of homes in Denver are not cheap. I'm even considering the move anywhere that I can get into my first house hack.
On to Wholesaling- I am understanding the process is pretty simple
1. find a property that needs help
2. get it under contract with the right assignable literature
3. send the signed contract to title and escrow company (what do they do? do I pay for this service?)
4. Find buyer
5. have them put ernest money down, show up at closing with title and escrow office
6. my check is dispersed from title and escrow office
Ok, now what am I missing? Do I need insurance, do the money wires or check get to me directly for the assignment fee ?
Is it really that simple?
Also if anyone in Denver area is looking to connect, please reach out