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Updated about 18 years ago,

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Title searches when wholesaling

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Posted

Hi everyone, hope your holiday went great. I am just starting out in wholesaling, I have a partner in another area of the state, so we will be working two areas in Northern California to find properties. I also have another partner so to speak, who will be doing the negotiating for me on the buying and selling of my properties for a 20% fee. My question, is related to articles I've read on wholesaling where it is recommended that after I contract the property, then open title on it. I would prefer not to be on title or involved with this process for obvious reasons. How can I set up my business to keep things as simple as possible and yet not get burned in the process? Is doing property inspections, title searches and repair estimates a necessity for me as a wholesaler? I appreciate your advice and suggestions ahead of time. Thank you very much. -Timo :violin:

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