Hello eneryone,
I was just wondering do I need a title company to wholesale a property, or is it just better to have a title company? What is the purppose of having a title company? Just curious and just trying to understand.
Thanks
To make sure the title is clear and title insurance. Herbster
So do I need a title company to wholesale a property or can I wholesale without a title company?
You need a title company.
If you are wholesaling, it’s best to find a title company that is investor-friendly. I suggest asking some of the active investors/wholesalers in your area who they use.
Good luck,
Steph
So, First I have to get a property under contract and then take the title to a title company to see if the title is clear and then do I find a end buyer. I think im totally wrong if so can someone clear it up for me.
Thanks
Put the property under contract, find a buyer and assign it to them, then take the contract and the assignment agreement to your title company to begin the title work.
That’s how I do it.
Some people say to give the the contract to the title company immediately so they can start the title work, but I like to have my end buyer lined up before I give everything to them. They can usually get everything done in a day or two, so I don’t mind waiting.
If it’s a truly great deal, the rest will fall into place. I would focus your energies on finding the deal, as that is the hard part of the wholesaling equation.
Good luck.
Steph :cool