What finding a wholesaling title company really means

[Antonio Real]

Hello all, I plan to start getting my feet wet in wholesaling sometime this year and I have noticed that many newbies sometimes have trouble finding a title company that is comfortable with double closing(wholesaling). Why do title companies shy away from this type of business ? Also do the title companies that do work with wholesalers not ask for proof of funds ? Is that why they are “wholesaler friendly?”

[Phil G.]

I would venture a guess that many newbies who have trouble finding a title company to double-close is because they believe that the title company will use the wholesaler's buyer's money from the (B-C transaction) to fund the wholesaler's purchase of the property from the seller (A-B) -- also known as a dry closing.   If you're using transactional funding, have paperwork correct and complete and have your transactions organized, it shouldn't be too much of a hassle to find a title company to work with.