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Updated almost 4 years ago,
How do I get paid? (wholesale)
I am extremely close to my first deal. I need some information on how the payment process works. I have been scouring the internet to find the answers, but I can't...
This is what I believe the process to be. I need help with steps where I put a "?"(what I don't know). By the way, this is all after I have negotiated the agreement, and I have requested a $2,000 down payment from the cash buyer.
1. Fill out the Purchase & Sale Agreement
2. Fill out Assignment Agreement
3. Send both of these contracts to the title company.
4. Is this where I get paid? Does the cash-buyer just write a check for me?
Thank you in advance!
(Edit: If you would be willing to PM me, I am be able to explain my question better.)