💼Inform the seller about the next steps in the process after getting the property under contract.
📝Send the signed contract and earnest money deposit (EMD) to the title company to secure your equitable interest in the property.
💰Start actively finding cash buyers for the property to close the deal quickly.
What should I tell the seller after getting the property under contract?
—Inform the seller about the next steps in the process, such as a partner visiting the property and the title company contacting them.
Why is it important to send the contract to the title company?
—Sending the contract to the title company helps establish your equitable interest in the property and protects your deal from being stolen.
How do I find cash buyers for the property?
—Use strategies like networking, advertising, and working with real estate agents to connect with cash buyers who are interested in purchasing properties.
00:01Introduction to the importance of knowing what to do after getting a property under contract.
00:56Highlighting the common uncertainty among wholesalers about the next steps after signing a contract.
04:03Emphasizing the significance of informing the seller about the process and what to expect.
09:19Explaining the importance of sending the signed contract and earnest money deposit to the title company to establish equitable interest.
10:26Providing a brief overview of the process of finding cash buyers for the property.
