Confused on wholesale process

[Giorgios Katehis]

I'm sure this has been asked but I'm still confused on the closing process of a wholesale deal.. 

-bring purchase agreement and assignment to title Company

-meet on closing day 

My questions are what do I bring on the closing day, and when does the buyer pay. I've seen people say that they wire the title company the money, and I get paid from them 2 weeks later. And I've seen people say I get paid on the day of closing. 

For the closing day I've seen people say I get "HUD" two weeks later and I bring that? Anything helpful is much appreciated

[Cody Backus]

Giorgios Katehis on the day of closing, you are no longer a party to the transaction. You should have already sent you assignment agreement to title co. They should see your assignment fee and be sure to pay you out of the buyers proceeds which should have also already been deposited with the title co prior to closing. You should know that closing is the day parties sign and settlement occurs when title transfers and everyone is paid. In Utah, wholesalers often don't even come to the closing, just a buyer and seller at different times. You as a wholesaler could show up but you aren't signing anything. Sellers and buyers typically need a gov't issued photo ID at a minimum. Hopefully this helps but understand it may be different in NY and you should chat with a NY wholesaler, title co or attorney for how it's done there.