Dallas-Fort Worth Real Estate Investor Club

Long distance wholesale.

  • 10 Feb 2014 8:42 AM
    Quote
    Message # 1494825
    Michael Mixon
    I have a lead on a home quite a distance from my house.  If I were to wholesale it would I still open escrow with my local title company, knowing the cash buyer most likely will want to close with his local title company?  Can I just mail them the entire trec contract, along with an assignment agreement, and let him open escrow at his title company?  What would be the best way to complete this transaction?

    Thanks,
    Mike.
  • 12 Feb 2014 9:57 AM
    Quote
    Reply # 1496555 on 1494825
    Dan Brunner
    Michael,

    One of the most valuable people on your team is a good escrow officer who understands real estate investing. They can help make deals go smoothly and provide valuable advice to keep you out of trouble. You may want to contact your escrow officer and ask if they do remote closings for the convenience of your buyer.
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