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Updated almost 9 years ago on . Most recent reply

User Stats

60
Posts
10
Votes
Muhammad Saleem
  • Real Estate Agent
  • Stering, VA
10
Votes |
60
Posts

I need help in my first wholesale deal please !!!!!!!!!!

Muhammad Saleem
  • Real Estate Agent
  • Stering, VA
Posted

I have a property in consideration. Seems a good wholesale deal but I do not have any title company which is good for wholesale deals (in Wayne county, MI or nearby). At what stage I need title company to be involved in a deal or can I wholesale a deal assigning it to my cash buyer without talking to title company?

Your help and kind guideline will be highly and very highly appreciated please.

Most Popular Reply

User Stats

57
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16
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Michael Lee
  • West Palm Beach, FL
16
Votes |
57
Posts
Michael Lee
  • West Palm Beach, FL
Replied

Hello, Muhammad 

I would suggest going to local REIA meetings in your area there are always representatives from title companies there looking to work with investors just tell them your new and looking for a title company to work with, ask other real estate investors which title companies they use, it's always better to find a title company at your local REIA or through a referral because they will be investor friendly and more understanding of what your trying to do.

You can also contact a few of your buyers from your buyers list and ask them who their title company is and introduce yourself most of the time your cash buyers will want to close with them anyway because they are familiar with them so it's better to establish a relationship with them as well 

You have to close with either a title company or a real estate attorney who can do closings to make sure all of the paperwork and the official transfer of the property takes places

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