I have located a REO property that another wholesaler has found an end buyer for. The co-wholesaler has already gotten earnest money from his end buyer which is now with the closing attrny, but no contract is in place since I have not placed the bid.
Can I assign, double close, or sell my llc? Could I just place the offer my self, assign to end buyer, and split the profits with co-wholesaler?
Investor · Willow Spring, NC · Member since 2009 · 5k+ posts · 3k+ votes
11y
You will need to review the terms in the Purchase Agreement. You must agree to the Event Agreement and part of that says you agree to the Purchase Agreement. The Event Agreement is on their site (https://www.homesearch.com/home/EventAgreement) but the Purchase Agreement does not seem to be.