All Forum Posts by: Tatiana Yurshevich

The hardest part is getting started! All of the advice here is super valid but I felt overwhelmed just reading some of it. It's labor intensive, and if you're out of state, it's even more time-consuming just to vet the agents, property managers, look over all the properties, etc. Not to mention the calculations!! I have been working with a company for over a year and half now, about to acquire our 3rd rental property through them. Would be happy to chat with whoever wants to know more. They helped me and my partner get refinancing, get our taxes in order (we're Canadian remotely investing in the US), renovate, tenant and manage the property. They just pivoted to a new model but they used to sell homes they own but now they can source properties based on what your criteria are (purchase price, risk profile, neighborhood rating, etc). They still do all the calculations, renovate, tenant and manage the property. 

Nice - welcome to the investing journey! 

The purchasing process will be similar to the standard buy process with an agent, but some forms may be different. It would be worthwhile joining some local real estate investor groups in North Carolina to get their insights too (every state has slight differences in the purchase process). 

Are you doing a Hard Money Loan? Or conventionally financing this? At the end of the day, the title accuracies are a liability to you, so you should always review those in depth. The title company will pull the reports for you to review. Do you have any other specific questions here?

When you work with a wholesaler you are unrepresented, no matter how much they seem to try and help you it is every man for themselves. If you do not fully understand the deal you should not go through a wholesaler. 

Hi Tatiana,

You should definitely have someone representing you if you haven't been through the process before. Whether it's an agent or lawyer, you want to make sure everything is on the up and up! Have you signed anything yet? There are a lot of issues that can come up in a transaction like this. Feel free to contact me if you want to talk more specifics! Happy to help!

@Tatiana Yurshevich,

Welcome to the forum. North Carolina is an attorney state, so you will have to retain the services of a lawyer to close.

I would encourage you to use a local (to your deal) attorney that specializes in real estate. Most of the attorneys have one (or more) title companies they routinely work with, but you don't have to use one of their preferred title companies.

I can recommend a couple of attorneys in the Fayetteville and Raleigh area. When looking for an attorney, make sure you ask if they will work a wholesale deal. Like a lot of states, wholesaling in NC is getting a lot of attention. It's not illegal, but some attorneys won't handle wholesale closings.

If you have any more questions, don't hesitate to ask.