Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Myron M.
  • Professional
  • Houston, TX
0
Votes |
2
Posts

I need HELP! First deal locked up with a wholesaler

Myron M.
  • Professional
  • Houston, TX
Posted

I am new to real estate wholesaling and I have a property under contract with a wholesaler investor. I want to make sure I executed the proper contract to control the home. Normally it is a private seller to do a (TREC) or sales and purchase agreement to assign to my cash buyer. So me and the wholesaler did a sales and purchase agreement with what he wanted and original seller needed out the deal. So I have plans to assign the new agreement to a cash buyer. Is this correct? Also, do I take one sales and purchase agreement or 2 sales and purchase agreement to title company along with my assignment contract? Because the wholesaler already has agreement with the original seller. Does that means tripple close or a double close that the wholesaler will pay the seller from his proceeds? The original seller does have a balance on the home by the way. I appreciate any advice I can get to make sure I get my assignment fee.

Loading replies...