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Updated almost 4 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Lucas Blasingame Prudhomme
  • New to Real Estate
  • Knoxville/Memphis
0
Votes |
5
Posts

How do I get paid? (wholesale)

Lucas Blasingame Prudhomme
  • New to Real Estate
  • Knoxville/Memphis
Posted

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.)

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