Wholesale/selling purchase contract

Wholesale/selling purchase contract

Real Estate Investor / Wholesaler · Rochester, NY · Member since 2015 · 23 posts · 2 votes
I have a question when is a wholesaler "SUPPOSED" to get paid? I hear that the assignment payout happens when the new end buyer pays the wholesaler for the contract and then closes with the seller. Then I hear that the wholesaler gets paid when the end but and seller closes together. So, which is it?? Does the wholesaler wait until the actual close happens? Or, does the wholesaler get paid when the new end buyer comes and buys the contract directly from the wholesaler making it so the wholesaler is out of the way completely? Please advise and thank you!!
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  • Investor · Orlando, FL · Member since 2016 · 1k+ posts · 780 votes
    9y

    The best way to get paid is when the buyer and seller closes. You get the Assignment Contract signed and make sure the buyers title company gets a copy and you get paid by the title company.

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