Wholesaling
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
1st Wholesaling Deal - HELP!
Hi Everyone!
I just received my first wholesale deal but co-wholesaling.
Everything happened pretty fast and I found a cash buyer within 24 hours.
The buyer has emailed me their offer for the asking price and also offered $10,000 down.
I contacted the other wholesaler and he told me to obtain the EMD.
Now let's fast forward. I have 0 experience with the whole process. The past 24 hours I've watched videos on YouTube and have done some Google research.
Can someone assist with the next steps?
I did email the wholesaler and asked to do a contract between us and asked to see the contract between him and the seller. He has yet to respond to that email, however responded to an email that I sent hours lasted asking if it is an assignment of contract.
Any help would be greatly appreciated.