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Updated over 2 years ago on . Most recent reply

User Stats

4
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1
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Steve De Coen
1
Votes |
4
Posts

advantage edge in wholesaling

Steve De Coen
Posted

As I am new in your market I’m searching for an competitive edge .

Obviously my preferred way to do business in with an assignment of contract, but as I’m new and you cannot vouch yet for my professionalism or reliability I want to setup a construction where the seller can call the title company to be assured that the deal will go true.

My question :

Is it possible to put x amount for example 200 000 $ on an escrow account at the title company which will serve as a guarantee for the seller?
In case I find a assignee, this money will not be touched and will be used to assure the seller from the next deal.

In case I don’t find a assignee, this money will be used to close the deal, in this case the assignment contract need to be converted to a Sale agreement .
So I will do a double close once I found the buyer.

Is the above construction possible?

What are great sources these days to find buyers?

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