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All Forum Posts by: Reese Davis

Reese Davis has started 7 posts and replied 37 times.

Post: What's the process for closing deals in "Attorney" States??

Reese DavisPosted
  • Raleigh, NC
  • Posts 37
  • Votes 8
Originally posted by @Dawn Brenengen:

@Reese Davis This is a list that I compiled from different BP posts of people asking for attorneys who are familiar with investors.  I would just google these names.

Sam Weathers

Travis Barkley

Robert Hedrick

John South

Darin Messe

Kathie Russell

Justin Taylor with Roper and Taylor, in Raleigh

Brian Elam

Norm Praet

WOW!! Thanks Dawn...you are awesome!! I'm really loving this forum...everyone is so helpful. It makes me feel so much more confident in getting started knowing you guys...and gals have my back. MUCH APPRECIATED!!

Post: What's the process for closing deals in "Attorney" States??

Reese DavisPosted
  • Raleigh, NC
  • Posts 37
  • Votes 8
Originally posted by @Larry Turowski:
Originally posted by @Reese Davis:

I just found out that my state is an "attorney" state meaning attorney's are the ones who close deals here an NOT title agents. My question is....does that change the process at all or is it still the same as if I was going through a title company? Do closing attorney's work with investors? Are they familiar with assignment contracts and double closings? All feedback is greatly appreciated. Thanks.

The process is basically the same, except the attorney does the footwork and gets paid.

Yes, closing attorneys work with investors.  Network with other investors and find an investor friendly attorney.  Any attorney may do, but...

You answered your own question.  An investor friendly attorney will definitely know about assigning contracts and double closings. 

Thanks Larry...appreciate the feedback.

Post: What's the process for closing deals in "Attorney" States??

Reese DavisPosted
  • Raleigh, NC
  • Posts 37
  • Votes 8
Originally posted by @Ryan Spinola:

What i mean bring your own funds is its illegal for you in NJ to do a double closing with only the Buyer bringing the funds. So in a double closing you have A (Seller), B(You) and C (Buyer). C can't fund the whole transaction. B has to have funds to buy A.

Also, in Trenton stick with assignments.

 Thanks for clearing that up Ryan. So in that situation, would I use transactional funding?

Post: Wholesaling Checklist

Reese DavisPosted
  • Raleigh, NC
  • Posts 37
  • Votes 8

Thanks for your response Bram. What's the BEST way to get the most accurate numbers for ARV and Cost of Repairs??

Post: Wholesaling Checklist

Reese DavisPosted
  • Raleigh, NC
  • Posts 37
  • Votes 8

When it comes to wholesaling, there are so many moving parts. Do you guys have a step by step checklist that you follow to make sure no steps are missed and everything goes as smoothly as possible?? I'm sure everyone has their own way of doing things but I would like to get different ideas so I can see what may work best for me. All feedback is greatly appreciated.

Post: What's the process for closing deals in "Attorney" States??

Reese DavisPosted
  • Raleigh, NC
  • Posts 37
  • Votes 8

Thanks Ryan...I appreciate your feedback. I will call around and start interviewing them until I find what I need. And I would like to know what Michelle asked as well.

Post: What's the process for closing deals in "Attorney" States??

Reese DavisPosted
  • Raleigh, NC
  • Posts 37
  • Votes 8

I just found out that my state is an "attorney" state meaning attorney's are the ones who close deals here an NOT title agents. My question is....does that change the process at all or is it still the same as if I was going through a title company? Do closing attorney's work with investors? Are they familiar with assignment contracts and double closings? All feedback is greatly appreciated. Thanks.