You're watching this video because you most likely are a real estate investor that is looking to purchase properties for
Buy, renovate, and resale (fix and flip)
Buy, renovate, hold (rental properties)
Since Me and Paul do zero marketing to home sellers, buying from wholesalers is a great lead source for us.
I have other videos on how to find wholesale properties in your market, and How to Buy Fix and Flip Deals from wholesalers
In this video, we will discuss the Closing process when buying from a wholesaler
Once you agree to price have the wholesaler email you (DocuSign) and assignment of contract and the contract with the seller and wholesaler
Review both documents
If all is OK then sign the assignment contract
At this point, the wholesaler most likely did not start the settlement process
Email your title company (or closing attorney) to start the settlement process.
assignment contract and the contract with the seller and wholesaler
All the parties involved (explain the deal) and their contact information
What the closing date is and that it is a cash sale
A few days before the settlement date you will receive the HUD. Review it and if all is OK wire your money to the title company for closing
Congrats you bought a house from a wholesaler.
Now if you are a wholesaler watching this, please email me your deals at sales@housedealsamerica.com
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