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Updated over 5 years ago on . Most recent reply

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Joseph Knight
  • Flipper/Rehabber
  • Houston, TX (houston tx)
0
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7
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Wholesaling negotiating with seller

Joseph Knight
  • Flipper/Rehabber
  • Houston, TX (houston tx)
Posted

After negotiating with a seller and agreeing on a price. Do I sign the assignment contract right there with the seller or do we get a third party an go to a llc to get it signed?

Most Popular Reply

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610
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Scott Johnson
  • Specialist
  • Greenville, NC
380
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610
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Scott Johnson
  • Specialist
  • Greenville, NC
Replied

@Joseph Knight, I’d highly recommend you find a mentor in wholesaling. This will help you learn the concepts as you go and you’ll have someone walking you through the process.

As for your question: agree on price —> both sign “Agreement to purchase” —> find a buyer (build your buyers list) —> buyer and you sign an “assignment addendum” —> you either leave the investor to finish the closing or you do what we do and schedule the closing/follow up to make sure all needs are met.

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