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Updated about 9 years ago on . Most recent reply

WHAT i do next after sign the contracts
I am new in the Real estate Wholesale market.
and I have some new Leads but I need to find out after we agree to the purchasing prices with the seller and sign the contracts, what is the next step?
do I open escrow if I don't have a buyer?
or find a buyer to open escrow?
thank you for your answers :)
Most Popular Reply

After you're under contract you'll want to do due diligence on the home. Good wholesalers should be able to sell the ROI to other investors after all repairs, fees, fines, etc. are calculated. You shouldn't need an escrow account because you have the policy under contract and you have escape clauses in case the deal shapes up to be a bad one.
Also you should be trying constantly to find buyers to add to your buyers list so you have a quick pool of people to look at the property. Hopefully that helps, and good luck!