Updated about 11 years ago on . Most recent reply
New to wholesaling
Hello, I am new to real estate and was looking to start investing by wholesaling. I recently done a 3 day workshop but I still feel like I need help in getting started! So I'm hoping to meet and interact with people on bp to help gear me in the right direction to help do my first deal and many more to come!!
One of the questions I did have is once you find a deal, the numbers look good and the seller has agreed on the price to which you offer, and once you find a buyer to assign the property to, what all do you have to have in closing a deal? I read something about escrow, what is that?and do you have to have an attorney to close the deal?
-Thanks!
Most Popular Reply
Hi @Sharnise Stokes welcome to BP! I'm a newbie as well, but you've made a great choice by joining this community. There are so many resources here to learn from. I've been listening to all the podcasts and they are great. If you dive in there you will find all the answers to your questions and more. YouTube is also pretty good for finding videos on topics that you may need some clarification on.
As far as your question regarding an attorney to close the deal, I believe that is dependent on your state. Some states may require you only use a title company. That would be something you'd have to research, or hopefully someone from your state will chime in here. I hope this helps a little.
-Mary :)