When starting out in wholesaling real estate, it's important to use agreements that protect all parties involved while ensuring a smooth transaction process.

When you learn to partner with professionals who are well-versed in this segment, most distressed property transactions are quite straightforward.Myth 5: Distressed Properties Are Not Obtainable with FinancingThere is this perception that distressed properties are cash-type deals.

I have dealt with this type of transaction many times.

I would absolutely use an attorney to facilitate this type of transaction.

Do they require payment on site or do they give you a certain number of days to close the transaction?

Very Simple @Jaren Taylor.You need an SEC attorney that specializes in Syndicates  and more than likely a transaction attorney to set these up for you. 

When you know real estate, what can and can't be done, that's exactly what you do, get ideas, filter them through your BS Meter, apply appropriate tactics that are ethical and legal, be a transaction engineer and make things happen!

Originally posted by @Duane Alexander:Can resimpli replace propstream to look up property information like remaining mortgage, tax information, liens, mls history, mortgage transaction history, etc?

Most deals I work, I find that the most inexperienced party in a real estate transaction will end up losing 4-10% of the value of the home in the transaction because they don't know what they are doing. 

But Cody does know the business and does these transactions..