Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

8
Posts
3
Votes
Mychal Manning
  • Investor
  • Chicago, IL
3
Votes |
8
Posts

Wholesaling Confusion. Help needed!

Mychal Manning
  • Investor
  • Chicago, IL
Posted
Hello I’m a new investor in the Chicago area trying to get into contract assignment. I just have some questions regarding the process. Assuming I have a buyer and a seller, what would be the step by step process to execute an assignment. I have a title company on hand already as well as contracts. Once I have the property under contract, do I need to file that with the title company? Or should go to the title company after I have the cash buyer? Who do I take to the title company first once I have the deal ready to go?

Most Popular Reply

User Stats

715
Posts
138
Votes
Aziz Raji
  • Real Estate Agent
  • Chicago, IL
138
Votes |
715
Posts
Aziz Raji
  • Real Estate Agent
  • Chicago, IL
Replied

Hello Mychal Manning

At my title they will first ask for the signed offer to purchase contract with the seller, then they will start the title search. Once the title search is clean they will then ask for the signed buyer’s signed contract. But your title company may operate differently.

Loading replies...