Zack Childress review about how to close your wholesale deal will help all real estate wholesalers out there, so without further ado, let’s get into knowing about the same.

1. Zack Childress review about the
different methods of closing a
wholesale deal

2. • In general, wholesalers take up two different methods to
close a transaction and get paid, namely through two
strategies i.e. assignment of contract and double close
or double escrow method.
• This article Zack Childress review about how to close
your wholesale deal will help all real estate wholesalers
out there, so without further ado, let’s get into knowing
about the same.

3. • It all starts with research. Research your local market,
determine your marketing strategy and investing plan
and pull comparables of different properties in the area,
while doing all of this, you also need to build a timeline
for how long you are interested to work out and come to
a conclusion about closing the deal.
• Build cash buyers list. Find the potential buyers, get their
contact information, for that you can create a lead
generation campaign using direct mail, or bandit signs to
acquire potential buyers.

4. • Get a property under contract. The most important thing
here is to educate yourself on the legalities of the real
estate transaction in line with your state laws.
• While you come to an agreement on price and terms
with the seller, it’s also the right time to decide whether
or not you will assign the contract. When you have done
it ensure that you receive a copy of it.

5. • Finding the end buyer. Once the property is under
contract, confer with the buyers list that you have
created during the initial stages of the deal.
• Do not hesitate to inquire other real estate wholesalers in
your area if they know anyone who might be interested
in your deal.

6. • Assignment of contract. This strategy is one of the many
forms of the no money down deal where you need to
characterize your assignment fee and perform an
assignment of contract.
• The assignment of contract takes place during the
closing stage, having said that it is important to collect a
deposit from your end buyer as soon as the assignment
is executed together with it an email copy of the
agreement to your title company also is a must to collect.

7. • Close the deal and get paid. The final step is to close the
deal and cash your check. During this stage it is
imperative to ensure that your end buyer shows up to
sign the documents, for that he/she needs to bring in the
funds required to purchase the property along with the
assignment fee.
• As a final point, your title company will cut you a check
for your fee.

8. • Hope you found this piece of writing helpful, stay
connected to Zack Childress real estate blog to equip
yourself with trending real estate information and tactics
that will help you make more profit.

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