First wholesale Deal

[Mark Mayleben]

Starting the process of our first wholesale deal. 

I am a cash buyer wanting to flip the property, so please keep that in perspective when helping answer these questions. Thanks so much for the help!

1.) I’ve connected with some wholesalers who are emailing me deals 

2.) I’ve found a property and want to go under contract 

3.) I've informed the wholesale of my intent and also sent POF

So....here’s my questions:

A.) How does the contract part work? Do I need to send them a contract to purchase? Do they send me a contract? 

B.) Whats the typical inspection period?

C.) What’s the typical closing period for cash deals? 

D.) How exactly do we close this thing and who coordinates all of that? I know the property needs to be titled in my name, I think things need to be filed with the county, etc.

Sorry for some dumb questions, just new to the process and it’s the first deal. Trying to avoid some mistakes.

Thanks all!