Help Navigating with Wholesalers

[Josh McNicoll]

Hi all,

Thank you for reading.

I'm looking at a deal in KC that is on a house being sold by a wholesaler. In the past, I have always worked with the actual owners and their seller-agents. This is something new.

The wholesaler wants to meet in the house where he will give me the "rights" to the house and I will give him cash. Now, alarms and bells are going off as I type that--it seems very dangerous.

I certainly want to get a title company involved to ensure I get title free and clear.  

How do I protect myself against a scam? Are there any specific issues of being a wholesaler where I should accommodate?

Don't I need to get title from the original owner?

Any advice would be welcome. 

Josh 

[Jeremy Tillotson]

@Josh McNicoll if you have title work pulled and he assign you the contract it should be all good. Do be careful, have title work pulled first, or if he is worth a darn he should have it already.

No legal advice