Possible first-time wholesale deal

[Nick G.]

Hi all,

I'm looking at a possible purchase of an unlisted wholesale deal.

My previous three purchases (foreclosures and short sales) were listed properties and done with a realtor.

I'm looking for pointers and advise on this.

Closing: use title agency? attorney?

I want any contract to be subject to a successful inspection (structural).

I'm in New Jersey.

[Jay Hinrichs]

approach this just like any other transaction.. EM to title or in your state closing attorney... 10 days to do full home inspection..EM subject to inspection... then close as you normally would if property checks out.

if wholesaler jams you for non refundable EM paid directly to them.. myself I personally would never do that... if there is a title problem that they don't know about and most wholesaler will not know.. good luck getting your EM back.

And or do your own title search before you hand over EM  make sure it can close.. this is a simple step done at the court house.