Need advice on my first package deal!!! "Please"

[Scott Hinkle]

Hello fellow BP'ers,

This is my first multi property wholesale deal and I want to make sure Im
doing everthing right. I have 6 properties under a option to purchase and
a out of state buyer that wants to start the deal tomorrow.

All six properties are on one option contract and I plan on signing a purchase
contract tomm. with the seller and put all six on that contract.The buyer understands that I will be assigning that contract to him for my wholesale fee.

The buyer has agreed to pay half of the fee upfront with signing of the assignment contract in which he will send to my bank account. I will receive
the other half at closing.

Both contracts will be sent to title company tomm. to begin title searches.

I am not to proud to say that I am very nervous about this deal because I
have never dealt with multiple homes in a package deal nor do I have much experience with out of state buyers.

I would be very thankful for any advice or correction to what I plan on doing
in this deal.

Thanks, Scott

[Sandy S Harris]

Hey, Bill Gulley, thanks for the info on this deal. My only question is: in this particular situation, is it not taking a chance having the seller send or wire the upfront fee into Scott Hinkle's bank account? Shouldn't this be paid through escrow? Or is it not a big deal?

Thanks!