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 about 12 years ago on . Most recent reply

User Stats

23
Posts
0
Votes
Matthew Newman
  • Northridge, CA
0
Votes |
23
Posts

I Got a property under contract

Matthew Newman
  • Northridge, CA
Posted

Can I use the same type of contract when signing with my end buyer? or do I need to switch it up the contract when I sell the property?

Also, do I now need to take the signed contract to the escrow company? or do I wait until I have the second contract in place?

Thanks.

Best regards,

Matt

Most Popular Reply

User Stats

53
Posts
2
Votes
Kaz P.
  • Investor
  • Chicago, IL
2
Votes |
53
Posts
Kaz P.
  • Investor
  • Chicago, IL
Replied

Mathew As I understand it

When you a have house under contract it is advised that you get the contract to the title company that you're choosing to close the deal right away to begin title work. Your B to C transaction would be secured with a assignment contract if you are wholesaling.

If you are doing a double close you would more than likely have to use a purchase and sale agreement for both transactions. Waiting until you secure an end buyer will eat the clock up therefore having less time to close for your end buyer.

Loading replies...