Process of buying from a wholesaler

[Alexi Schreier]

Hi all, I've never bought from a wholesaler before and would like to start doing so. I have a high-level idea of how to do it but I'm unclear on the timing of when each item needs to be done. I invest in OH, but this is more of a general question.

Could anyone please walk me through what the process of buying from a wholesaler looks like?

Some more specific questions if needed:

• When do I put up the money for the assignment fee (assuming it's an assignment contract)?
• Does a title/escrow company hold the EMD and assignment fee?
• What contingencies are typically accepted by the wholesaler? (clear title, financing, inspection, etc)
• If there is no inspection contingency do I need to get my inspection done before I submit an offer or before the assignment fee is paid? (Not sure if there's a difference).

Thanks in advance for any help!