Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Virginia Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

18
Posts
2
Votes
Salim Riviere
  • Norfolk, VA
2
Votes |
18
Posts

Wholesale questions about contracts

Salim Riviere
  • Norfolk, VA
Posted

Hello everyone! I had a few questions regarding double closing and assignment contracts when dealing with sellers and buyers! I thought of them last night before I fell asleep and im surprised I remembered so here they are....

1. Can you assign a contract to a wholesale company(those "We buy houses" guys)?

2. When double closing, I plan to use a transactional loan and I see people say that one thing I'll need is approval from the bank. Approval for the loan? For the deal?

3. When you find a property you plan to assign the contract to, what do you tell the seller? "Im not gonna buy your home, but I will find someone who will." Whats stopping them from saying "Well let me talk to THEM."?

I had more but I can't seem to remember them anymore. But any help or comments would really help! Thank you!

Loading replies...