Closing on Wholesale Deal

[Brittnie Stewart]

I'll be brief.....

I've been trying to get my questions answers from the site but I've been getting mixed answers.

Just so I am clear, after I have the property under contract, am I supposed to leave an earnest deposit with the owner and go find a buyer? Or I am supposed to take the contract and deposit to a title company? (I'm in Maryland by the way) From there, what is my next move? How does the double closing actually work?

Also, is it best to put the contract in my companies name or my name?

[Jeremy Tillotson]

First why double close when you could just assign the contract? I always put ernst money with title company. Always put contract in company name in case something goes wrong. Make sure contract is signed before you try to find buyer. Good luck and message me if I can help.