All Forum Posts by: Shaka Farrier

Lets say a house for sale and under contract is occupied by either the owner or tenants. After the contract assignment or double closing is complete what happens? Is there a certain time period given for the family to move out? If so, is that time period before or after closing?

I've been reading about the wholesale process for a while now and the story usually ends at the closing table. No one ever mentions the occupants in the homes and what happens to them if the wholesaler is or isn't able to sell the house.

Wholesalers usually double close to keep their profits confidential. How much do escrow companies change for assignments and how much of a difference would it be to do a double closing. I do realize that price may vary by company and state but a ball park on these charges would be helpful when having to decide what type of closing to choose.

If a double close is chosen and its an occupied home, wouldn't it backfire on the wholesaler if he/she is trying to keep the seller and end buyer apart. I would imagine that a wholesalers job is complete once the money is exchanged at closing.

This is a great post. Jerry Puckett and Tim G. made some very good points. Not everyone has what it takes to survive in the wholesaling industry. I cant stand to see people try to make it seem as if it will lead to overnight success. If you are not good with communicating with people, wholesaling probably wont work you because trust in a big factor in the process.

Hello All,
My name is Shaka Farrier. I am currently in Sandy Springs, GA (Atlanta) and relocating to Hampton Roads, VA (Norfolk) in the near future. I have dibbled and dabbled in wholesaling (in 2012) because I did not have the funds to invest at the time. I had done lots of research via Google, Youtube, podcasts and BP. I especially
appreciate the solid, straight to the point resources BP provides with podcasts, ebooks and most importantly (in my opinion), its very active community. Being a newbie can be intimidating at times but Ive felt welcomed since my first day of sign up.

I am hoping to network with a bit more experienced investors to increase my knowledge and experience within the field. Although I do not have much in field experience to bring to the table, I am willing to assist with leg work in return for the opportunity to learn the ins and outs of real estate investing.

Thank you all for sharing experiences...even the newbies. It is greatly appreciated

This story was motivational to me (a new wholesaler) and should be to anyone investing time, money and energy into real estate.

Congrats E