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Updated over 11 years ago on . Most recent reply
question about wholesaling/closing
Hello,
I am new to wholesaling and investing in general, got a house under contract to wholesale, and then when I assigned it I saw after the fact, that I did not have a date it must close by on there. ( huge mistake!) I spoke with the person I assigned it to, and since he keeps saying it will close any day per the title company, who is a good friend of his. I asked if we can put on there 30/60 /90 days. something that is agreeable to both of us.He flat out refused ANY date, and that is such a huge red flag to me. Plus he tried to put a lockbox on the house when it has not closed, which I refused to let him do.
I trusted this person because he is giving classes in my town about investing, and now I think I may have been had. I have consulted an attorney, but have not heard back yet, and wondered if I can get any feedback here?
Any advise?