All Forum Posts by: Greg Hammond

 I was trying to do a double close so the seller wouldn't see I was making a profit but my problem was actually finding a local title company that even knew what an assignable contract/ wholesale deal was. One even thought I was buying a lot of properties at once lol. I would think this would be more common here but I guess not. I think I've found one now, thanks for the great advice!

Thank you @Elliot Smith! I had the buyer put $1000 earnest money down, now I'm just searching for an investor friendly closing attorney or title agency. Most I have called want me to actually purchase the home. I haven't had the sale agreement, memo, or assignment contract filed yet so I'm a little nervous. I believe I have found one that will do a simultaneous closing and they are supposed to call me back this morning, crossing my fingers! 

Thank you Yasmine!

The cheapest way I have found was Craigslist and bandit signs. I posted a vague ad on Craigslist and my email blew up and I found a buyer before I could even get the sale agreement back from the seller. A bandit sign that says something along the lines of "Fixer Upper" or "Handyman Special" works too. I save every contact that calls or emails me and that is my database. I am just getting started but it's all falling into place :) Good luck!

@Carolina E  Thank you for the info! That seemed too easy but sounds great! Off to close next week, fingers crossed!

As the middle man in a wholesale deal, what legal fees am I responsible for? Title search/closing etc. I have a signed sale agreement and notorized memorandum I am sending over to a closing attorney in the morning. I'm guessing I need to pay for the title search or will the end buyer do that? I have the end buyer ready to sign the assignment contract tomorrow afternoon. I just need a little help as I am confused as to what I need to do vs the end buyer. I have a difference of $3500 and I would love to see how much I am going to keep! Thanks in advance

Great job Pavel! I'm still a newbie but that is definitely on my list to accomplish in the coming year!

@Clay Smith

 Thanks for all the great info! I will give them a call tomorrow. I actually used Borders and Borders years ago when I bought my first house. I looked up their website and they seem great. Thanks again, Greg

 Thanks for the response Kimberly! I may use an attorney until I get more comfortable but being new I want to make sure I cross all my t's and dot all my i's. I have A LOT of questions!