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Updated about 10 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
David Peterson
  • Rehabber
  • Troup, TX
2
Votes |
8
Posts

wholesaling in East Texas

David Peterson
  • Rehabber
  • Troup, TX
Posted

Hello my name is David Peterson I live in Troup,TX. I'm a full time Investor that has never done a Wholesale deal.I have done 5 fix and flips.But have never done any wholesaling.I understand the concept and know what to wright on the contract but when it comes to getting paid do I use a Title company? Or a Lawyer which is better? Does the A and B transaction need to be funded first? Then the B to C Fund in order to close that transaction? Or can I take the new buyers money have them put it in escrow with the title company use those funds to close the A and B keep the funds left over from the B to C closing. That's where I'm confused I'm also suppose to use an assignment of contract do I get that from the title company or an attorney? Or am I suppose to have that doc?

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