The steps of a wholesale deal

Bird Dogs, Wholesaling
1

Hello,
I am getting ready to do my first wholesale deal. I was wondering if anyone could answer a few questions for me.

  1. Does the investor purchasing the property from me need to be there when I sign the sales contract with the seller?
  2. Do I need to be there for settlement?
  3. Do I have to tell the seller that the contract is going to be assigned?
    thanks in advance for anyone’s help.
2
  1. No
  2. No
  3. No

SJB

3

thanks for the help, how and when do I receive my wholesale (assignment fee?)

4

You work that out with the investor you are assigning the contract to. The ideal is to get your entire assignment fee upfront. Usually that doesn’t fly so try to get part upfront and the rest at closing.