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Updated over 8 years ago on . Most recent reply

James Bitakis's profile image
James Bitakis's profile image
James Bitakis
  • Investor
  • from Melrose Park, IL
  • Member since Feb 18, 2015
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User Stats

77
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24
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James Bitakis's profile image
James Bitakis's profile image
James Bitakis
  • Investor
  • from Melrose Park, IL
  • Member since Feb 18, 2015
Connect
James Bitakis
  • Investor
  • Melrose Park, IL
24
Votes |
77
Posts
Buying & Selling Real Estate

Question about buying from a wholesaler

James Bitakis
  • Investor
  • Melrose Park, IL
Posted

As a newbie looking for my first investment property, I am a bit confused on the logistics of buying from a wholesaler.  A lot of them want fast closes and 2K Non-refundable earnest money at the time of contract.  

Questions:  Can I inspect it and have a formal inspection before paying the 2K?

Shouldn't I use a Real Estate attorney?

Do I find my own Title Company?

How do I know I am getting a clean title?

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