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Updated over 4 years ago on . Most recent reply

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45
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Kwame Knights
  • Rockville, MD
11
Votes |
45
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Using Wholesalers title company

Kwame Knights
  • Rockville, MD
Posted

Good morning BP,

I'm looking to acquire good cash flowing rental property in the DMV area and have a few leads from wholesalers. A common theme i'm noticing is that they are requiring that i use their title company. Is there a reason for this, is there a downside in using their title company. I did some research and the only thing i found was some barging basement title companies may not do a great job on assuring i have a clean title. Is it possible to push back on that requirement and shop around for my own?

I would love your feedback.

Kwame

Most Popular Reply

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1,029
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580
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Arsen Atanasovski
  • Investor
  • Rochester, MI
580
Votes |
1,029
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Arsen Atanasovski
  • Investor
  • Rochester, MI
Replied

Man, BP you make it so complicated, the title company is in business for a reason. This post sounds like “watch yourself the wholesaler is after you”. Again if your at a title company that’s in business offering title search and insurance your good to go. If you signing deeds and transfer affidavits at a Walmart parking lot, and believe or not I did that once then you can be a little scared. But if your all set up with a reputable title company again no need to worry. Btw the Walmart signing was with a longtime friend/wholesaler that I still do business with here and there. But do not recommend doing the “Walmart parking signing” with strangers.

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