Real Estate Closing – Real Estate Closings For Wholesale Property Deals

www.REIClub.com – What Happens During Real Estate Closings? Below Are A Few Tips On Closing Real Estate As a Wholesaler… Hello, this isFrank Chen with REIClub.com, truly the only site we require because a property trader. Today I’ve got fast movie about how a typical wholesale closing functions. The initial thing you must do is discover is a title organization Title organization, closing agent/attorney – Quick – avg 3 company days – Attorney – look over title function, cleared Kinds of Closings – (cash generally sits inside closing escrow) – Simultaneous closing (aka. double closing, back to back closing) – utilizing buyer funds to close, buyer shows up initially (morning), cause of the close is to get cash at closing. – Transactional – utilizing brief expression 3rd party funds to close – Find the buyer (C of transaction) to repay the 3rd party. Location – choose utilizing the closing agent for all property closings – ease of paperwork – saves time, power plus funds – closing agent which understands wholesaling deals – back to back closings, double closings – be sure the seller plus buyer show up at different occasions (morning vs afternoon) Closing Costs – negotiable – Wire fees – Attorney fees – Tax Service Fee – Title Insurance – Title Examination Fee – Deed Preparation – Etc… – though 2 closings – A to B to C closing – cannot need to pay 2 full sets of fees – be more flexible with seller side – customers are more flexible along with you Seller Closing – comes inside afternoon to signal docs – seller refuses to should
Video Rating: 5 / 5

FREE this week at the what arises at a property closing store:

Not Authenticated: 0093d4e2bd2fff2ce36683bf4e608030065ab3dfe774408be60e56410852fd90219523598f0a8b933f5fa7b6a4d48909e57d4d052585bbc7680a918de6a1b3b627/481cc3d227b4a14ff834f2402860bf8c89f84e939828d8558bced5805b0367a7cab89e52c5f7bc59e16a66527f754d9cab8f0e769f164871cf23422271a05a71

callthewalls.com What occurs at a Texas property closing?
Video Rating: 0 / 5

FREE this week at the what arises at a property closing store:

Not Authenticated: 0093d4e2bd2fff2ce36683bf4e608030065ab3dfe774408be60e56410852fd90219523598f0a8b933f5fa7b6a4d48909e57d4d052585bbc7680a918de6a1b3b627/481cc3d227b4a14ff834f2402860bf8c89f84e939828d8558bced5805b0367a7cab89e52c5f7bc59e16a66527f754d9cab8f0e769f164871cf23422271a05a71

13 Responses to Real Estate Closing – Real Estate Closings For Wholesale Property Deals

  1. jchance313

    So.im a little confused…whats the difference btw wholesaling property and a double closing / dual transactional funding

  2. Kiel Martin

    Also, who does the closing? The title/settlement company, or the closing lawyer?

  3. Kiel Martin

    Am I having the title work checked before finding the buyer. I am stuck on this aspect. Example….I have a buyer, I gave the buyer a contract……do I try to find a buyer before the title work is done. Do I pay to see if the title is clear?

  4. Daniel Major

    wow someone who actually i can finally understand about realestate that is not so confusing like those other gurus out there!

  5. Leia Lucio

    Great information. I have a Question how do i obtain these contracts ex. Assingment contract, Closing Contract between A and C parties. Or does the closing agent already have the documents? Im lost

  6. TheMac1973

    I asked a few title companies and they told me that it’s illegal to wholesale properties for the simple fact that if I didn’t actually buy the property myself I can’t turn around and sell it it somebody else. They told me I would have to buy the property first and then I can sell it to my end buyer. A few of them mentioned they didn’t want to get involved in these transactions and risk going to jail. I mentioned to them the same situation you explained here. How do I handle this issue? Thanks!

  7. reiclub

    Thanks for your question. The answer is no, you do not have to have a buyer in place for the end buyer, it is up to them to find their own.

  8. wwpsolutions

    Hey Frank good stuff. I am inches away from my first deal. When going to closing, I have my SELLER in place, END-BUYER (assignee) in place. Do I need to have another buyer in place for the person I am assigning it to? Or am I just closing with the SELLER and the person I am assigning to?

    Thanks in advance for your advice Frank.

  9. jchance313

    Im a Realestate investor, information was very helpful. Will be using this method soon. Could you do a video about how to use this concept using bonds, how to maxamize cash back at closing, and ways to find agents would are familiar with double closings and title agents

  10. uncledubspage

    Great info…I have been doing this 5 years and I never quit learning. Keep up the good work!!

  11. Double Rock Properties

    Frank, you give great information. Your fast pace comes across as enthusiasm and gets me pumped to get working. Thanks for the info.

  12. Michael Payne

    Great information, never heard it like that before.

  13. brokemanable

    AS ALWAYS ,VERY INFORMATIVE ,I ALWAYS PICK UP SOMETHING FROM YOUR EXPIRENCE.