Northern California Wholesale Closing

[Laron John]

I am a novice real estate investor. I am hoping to get insight regarding how to close a wholesale transaction in California. I have spoken with various title companies in the area which told me that they can't handle double escrows transactions due to law; which gives rise to my question, what is the simplest way to close a wholesale deal in California?

[Jay Hinrichs]

@Laron John  there are a few simple answer's to this problem

1. find a transactional funder.. close on the deal in your name with 3rd party cash then sell to your end buyer... take title and pass title as a principal.

2. find a money partner who will act as a transaction funder for you. 

Virtually every states laws regarding selling of property or equitable interest or whatever people want to convince themselves of .. is really selling RE without a license its really up to the state if they want to spend the time and money chasing down this slice of the industry... 

And that starts with consumer complaints.. and based on the less than knowledgeable folks that post on BP that really have NO business getting into the middle of what is very serious business for a seller I can see this happening with more frequency. 

for whatever reason and I guess because of the internet people want to get rich in RE with no money and no credit. When most people that are successful at this put in their dues... 

So my suggestion is align yourself with someone that can close and learn the business