Newbie getting into wholesaling asking for advise

[J.j. McGuigan]

I have been researching wholesaling for a little while now and it is something I really want to do and be good at.  I am going in with a partner/friend of mine whom I trust and we are wanting to get started.  I know it's important to get a title company and lending/bank in place before submitting any deals to buyers so the process can move along quicker and more smoothly.  How do I find these title companies and should I go with a small bank or large bank to work with?

[Brandon Kargol]

The closing of a real estate transaction varies a little by state. For example... In North Carolina you MUST use a closing attorney on the sale/transaction of real estate. So I suggest you Google "title companies" or "closing attorneys" in your area. Then shop around making phone calls and ask if they do double or simultaneous closings. You could talk to local real estate agents too and see if they recommend any closing attorneys or title companies. 

Now in regards to the bank question... What are you using the bank for? Are you and your friend starting a business account? The reason I ask is because a true wholesale transaction shouldn't require lending on your end. Unless you needed financing for a couple thousand (depending on the deal) in good faith/due diligence funds to the seller