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Updated over 4 years ago on . Most recent reply

Using Wholesalers title company
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

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.