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Updated almost 7 years ago on . Most recent reply

User Stats

14
Posts
3
Votes
A Xiong
  • anchorage, AK
3
Votes |
14
Posts

I need help on my first wholesale deal!!!

A Xiong
  • anchorage, AK
Posted

Hi guys, I have a potential deal on a property but we haven't signed a purchase and sales agreement yet. I also reached out to some of the investors and they seem interested in it but how do we go about with the transaction? Regarding, earnest money, opening escrow and closing cost? Can you guys give me some advice on how to proceed and what do to next? I'm in Anchorage Alaska and I couldn't find much wholesalers to learn from, any input would be much appreciated.

Most Popular Reply

User Stats

372
Posts
140
Votes
Jorge De Jesus
  • Katy, TX
140
Votes |
372
Posts
Jorge De Jesus
  • Katy, TX
Replied

Get the seller to sign the purchase agreement, let them know you need it to at the very least do a title search
.make sure your title company does assignment or double close or whatever
.title comes back clear go back to buyers with your price
.get assignment signed
.submit to title
.set closing date
.get paid

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