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@NewPathTitle
2 жыл бұрын
We are a Florida title agent and welcome investors and wholesale deals.
@FlipWithRick
2 жыл бұрын
Nice!
@WillMalek-qq6gb
Жыл бұрын
How much do yall charge
@minininjakilla6490
11 ай бұрын
@@FlipWithRickcan you have a title company anywhere or does it have to be in your state
@amanmuhammad14
4 ай бұрын
What about GA? I live in Atlanta GA
@1white850
23 күн бұрын
I'm in Tallahassee Florida
@yoelaryeah
Жыл бұрын
Hey Zach, Thanks for your time in this program. You asked for 3 questions in each session 😆 1. Does the buyer see on the assignment contract that the wholesaler is flipping it and the profit amount and do buyers mind? 2. I've never done this so i always thought closing is done with a lawyer so thanks for clearing that up. 3. You briefly talked about getting another agent to help with the closing, can you please elaborate on that or if it's possible to do it without a broker or how to get one to work with a wholesaler?
@topflight6065
Жыл бұрын
How can we make the buyer pay for all closing costs? Is that clause already included in the contract? Please help.
@wyattblanchard2064
3 жыл бұрын
Bro ur a legend !! Watched so many vids and u answer so many questions in like 2 min 🤣😛
@FlipWithRick
3 жыл бұрын
Thanks Wyatt! Ask as many questions as possible!
@diegohernandezcaro4318
3 ай бұрын
Hey Rick I’m getting started I talked to my local title company and they said they’re willing to do it but under these rules “The assignment cannot change any of the original terms of the loan. All parties (including lender, if applicable) will be required to sign a disclosure stating they are aware the assignment is happening and disclosing the assignment fee. The party receiving the assignment fee must complete a 1099 tax form.”
@diegohernandezcaro4318
3 ай бұрын
Do you think I should follow through specially if they’re making me disclose the assignment fee and all that
@FlipWithRick
2 ай бұрын
Loan from the buyer?
@kkapon
3 жыл бұрын
Thanks for putting this together Zach! Love the info brother!! Blessings 🙌🏼🙏🏼
@FlipWithRick
3 жыл бұрын
No worries dude!!
@sahirashaymbudah5167
Жыл бұрын
Hey Zach quick question What if the seller already has a title company but I'm not for sure if they work with wholesalers and I also have a buyer that has title company? What should I tell the motivated seller
@camaramustapha9355
Жыл бұрын
Great explanation bro 👌 Thank you
@FlipWithRick
Жыл бұрын
No problem!!
@realestaterod2557
3 жыл бұрын
Really very helpful...Thaaaaanks Zach!!!
@FlipWithRick
3 жыл бұрын
Thank you!!
@RolexandRacecars
11 ай бұрын
Great Content as always, guys!!
@atchutneelamuk2554
3 жыл бұрын
Zach thanks for sharing the information.
@FlipWithRick
3 жыл бұрын
No problem!!
@pipp3n_lok850
29 күн бұрын
How do we put in the contracts that the buyer will be paying for all closing costs
@FlipWithRick
28 күн бұрын
It’s already in my course! It’s free!
@-Inzify
2 жыл бұрын
Your a king🤴💯helped a lot
@FlipWithRick
2 жыл бұрын
Thank you!
@user-xi6dt7zk9f
8 ай бұрын
When it’s time to close and find a title company virtual wholesaling, do I have to find a title company in that state or it doesn’t matter
@elijahtejeda990
2 жыл бұрын
Do we the wholesaler need a title company? Or does the cash buyer already have a title company ? And we just go pick up our check when it’s ready ?
@FlipWithRick
2 жыл бұрын
You need a title company
@amaanhasan4461
3 жыл бұрын
Zach how do you get buyers to pay all closing costs? Thanks
@FlipWithRick
3 жыл бұрын
You demand them to pay all closing costs!!
@koreywhitley5038
2 жыл бұрын
Does the cash buyer cut a separate check on closing day to cover closing costs or do they find out ahead of time and include it in the purchase price check
@FlipWithRick
2 жыл бұрын
No it’s all covered in the “cash due from buyer” when they wire the money to the title company!!
@jordanthomas8540
3 жыл бұрын
Hi zach Great Video How do you handle closing virtually if you're not there to go to the title company with the seller? And also how do you handle it when meeting the buyer at the title company virtually?
@FlipWithRick
3 жыл бұрын
kzitem.info/news/bejne/rp55rKl8cp5pqoY You close over the phone and get mail away closings
@aadvancehomerenovations7016
11 ай бұрын
Thank you for your video so Literally the cahs buyer pays for the title company cervises right ? 🤔
@thebraidslayerr7023
3 жыл бұрын
Another question, the contracts don’t say the buyer pays all closing costs nor the seller pays all Liens .. do we need to add that ? & if we open escrow before finding a cash buyer & we don’t close who is responsible for paying the title company ?
@FlipWithRick
3 жыл бұрын
I put in my assignments that they pay all closing costs
@wallylosangeles4155
3 жыл бұрын
Thanks Zach, as I am working on My First Real Estate Wholesale Deal!, But that is how I thought it would work on Closing Day as expected!. So quick Question, Zach, obvious We are going to call and talk to a Real Estate Agent who works with Investors correct? and to find out if they do is by calling and asking them correct? Or is their something else that I am missing to find out where The Ones that do work with Investors are located or No?
@FlipWithRick
3 жыл бұрын
There should be no agent involved for an OFF market wholesale real estate deal!
@wallylosangeles4155
3 жыл бұрын
@FlipwithRick: So you uses a Title Company instead of a Real Estate Lawyer and instead of a Realtor on Closing Day then? Is that correct? Please let Me know.
@Osamabeenthottin
2 жыл бұрын
What’s the proper wording to use when asking an attorney to close for you?
@FlipWithRick
2 жыл бұрын
“Can I pay you to close this transaction”
@thebraidslayerr7023
3 жыл бұрын
Here 😁... question tho Zach ! No more .7 so what should a beginner use when they can’t ask cash the buyers ? .8,.85,.9 ??
@FlipWithRick
3 жыл бұрын
Reverse engineer the deal! See the cash buyers Max offer price and base your fee from that!!
@jonathanbaronn6048
2 жыл бұрын
How much is the closing cost in general? When you say closing cost you mean the title search/etc.?
@FlipWithRick
2 жыл бұрын
2-3k
@The30isnew20
3 жыл бұрын
Thank you for the video Zach. Is Florida a title company or attorney state? I googled this and it shows both can handle the closing. Is that true?
@FlipWithRick
3 жыл бұрын
Most houses are done with title companies!
@kevinorozco1319
2 жыл бұрын
Hey Zach quick question when closing a on market deal I feel it’s best to do the double dip strategy using the listing agent as your buyers agent so there more motivated to get your deal approved by the seller but I’m a bit confused as to how the listing agent gets paid do I have to set up payment for them or would they sort out there commission at the day of closing with the cash buyer
@FlipWithRick
2 жыл бұрын
Sure! Is that legal in your state?
@kevinorozco1319
2 жыл бұрын
Flip With Rick yes it is legal I’m in Texas
@joespinelli3604
2 жыл бұрын
@@kevinorozco1319 you sure? Last I checked dual agency is not legal in TX but you can sorta workaround this but seeing if the Realtor representing the seller has a colleague that could represent you.
@tha3rdrose350
2 жыл бұрын
@@joespinelli3604 look up transactional brokerage
@danerd9591
3 жыл бұрын
Appreciate you🙏🏽
@FlipWithRick
3 жыл бұрын
Thanks bro!!
@beenatural5031
2 жыл бұрын
OK so you said you would always want to be there with the seller to go to title company how would you do that virtual wholesaling?What are ways to demand buyers to pay all closing costs?
@AdrienneWaldobrown
Жыл бұрын
Can you also use a closing attorney is yku don't have a title company in your area
@nick_sometin7791
Жыл бұрын
What's should i expect from a cash buyer, i called one, and they asked me the owner, the actual title, and the owners social security, I'm like what, and is it normal for them to ask to see the property in person?
@demetrius6698
Жыл бұрын
Not normal
@MaximilianoHernandez-wu1sc
Жыл бұрын
when is a attorney needed for?
@theindivisible
3 жыл бұрын
After you find a buyer, and have a JV signed for that specific deal.. How do you close? Do you, a co wholesaler that found the buyer, put your name on closing and assign or triple close? Or do you just sign the JV and tell title you're splitting the net profits it on closing?
@FlipWithRick
3 жыл бұрын
Bring contract to Title, sign JV send Assignment and JV agreement to title to say we're splitting it
@theindivisible
3 жыл бұрын
@@FlipWithRick that sounds confusing! Could you break it down? Seller contract with the cowholesaler is in title. I'm the other cowholesaler that brings in the buyer. Do I sign a contract with the buyer? or just the JV with the cowholesaler?
@Viclivefrmda205
3 жыл бұрын
@@theindivisible I think he’s saying once you sign the JV contract to send both that and your regular assignment contract to the title. And I guess from there they will tell within the language of the contract to disperse funds correctly.....I’m no pro tho I’m just guessing
@Viclivefrmda205
3 жыл бұрын
@@theindivisible if you brought in the buyer I think you still just sign the JV contract and that should be all you have to do
@raymondmoralez1113
Жыл бұрын
Thank you sir
@goneballistic1510
2 жыл бұрын
So do both the seller and cash buyer go to the closing?
@FlipWithRick
2 жыл бұрын
Yes!
@vashpina
2 жыл бұрын
what service are we asking the Title company to do? is it to search Title?
@FlipWithRick
2 жыл бұрын
I use my own title company!
@poligrus2965
2 жыл бұрын
When closing off market do you still have closing agents ?
@filibertomunoz341
2 жыл бұрын
How exactly do closing costs work is there a video about this?
@FlipWithRick
2 жыл бұрын
Yes usually 1-2.5% of price
@allisonalvarez7318
Жыл бұрын
Are familiar on double closing in Texas? Spoke with a title co in Houston (trying to build relationship) asked if they do double closing they said they do however they don’t do pass through funding (not sure what they meant by that)they have to close the first side completely funded and then the second part . Or is there a different way I should ask if they do double closing
@GeorgeTorres
Жыл бұрын
No video above you on KZitem
@FlipWithRick
Жыл бұрын
FreeWholesaling.com
@gimenam9278
Жыл бұрын
Do I have to sign the assignment with the seller at the title company or can we sign it anywhere we meet?
@Dickus4eva
Жыл бұрын
It can be done virtually, and you would sign it with the buyer not the seller.
@Jacobtechsales23
2 жыл бұрын
Do I call the Title company BEFORE or AFTER I get the purchase agreement signed? Do I put the title company down as the place of closing? Trying to do a contract as we speak
@FlipWithRick
2 жыл бұрын
Before!
@miguelherrera588
2 жыл бұрын
For my wholesale deal do I need both a closing agent and title company or just one of them?
@FlipWithRick
2 жыл бұрын
What state are you in?
@miguelherrera588
2 жыл бұрын
@@FlipWithRick I live in the state of nevada
@kennykurlin3930
2 жыл бұрын
Hey zack so do I just bring whatever amount of earnest money I want to use and tell the title company this is for earnest or on the contract is there a section I write what amount my earnest deposit i will be depositing.
@kennykurlin3930
2 жыл бұрын
I use the same contract as you due to being in Florida. So is the “Deposit” the earnest money? (Under The purchase price to be paid as follows) on the contract.
@FlipWithRick
2 жыл бұрын
Yes but it’s what the contract says
@bryanvilla9968
2 жыл бұрын
So i basically once i find the title company i call them and just ask “are you guys wholesaling friendly?” ? I am about to begin!
@FlipWithRick
2 жыл бұрын
Yes
@anno2433
2 жыл бұрын
do i need a title company before i get a loan?
@FlipWithRick
2 жыл бұрын
Yes!
@anno2433
2 жыл бұрын
@@FlipWithRick does it cost $ to get set up with a title company? Do I tell them I want to invest in a house soon so I need to start a “account” with them?
@1ton_Patriot
2 жыл бұрын
Does the title company need to be nearby to the property, like in the same county, or just anywhere in the same state?
@FlipWithRick
2 жыл бұрын
Same market so it’s easier for the sellers
@gimenam9278
Жыл бұрын
@@FlipWithRick when you say the same market do you mean the same state?
@alext3437
2 жыл бұрын
Hey Zack should I send my P&E agreement with the seller to title a day before the end buyer signs his P&E agreement (double close) or on the same day send both agreements?Thx
@FlipWithRick
2 жыл бұрын
No send the purchase and sale agreement the day of!
@lifewithtashabae4846
Жыл бұрын
Do I need to put it in writing that the money left is mine? (At the title company )
@soundfrequencytherapy5304
2 жыл бұрын
So do we pay the title company?
@FlipWithRick
2 жыл бұрын
No the buyer pays for title!
@Jelliott03
3 жыл бұрын
i have a question can someone please answer it ? do you take the original contract to the title company and then the original assign contract to the title company once you get your cash buyer ?
@FlipWithRick
3 жыл бұрын
YES you are correct!
@koreywhitley5038
2 жыл бұрын
Quick question. My title company is saying title turnaround is around 2-4 weeks . If this is the case when I drop of purchase and sale agreement can they start the title search process? If they do a title search and I don't find a cash buyer and have to back out of contract will I be charged any title search fees by the title company or do they only charge when they deliver a clean title upon closing ?
@FlipWithRick
2 жыл бұрын
Just make sure they don’t do title search until you get the assignment of contract
@koreywhitley5038
2 жыл бұрын
@@FlipWithRick awesome thank you so much
@seglord1960
2 жыл бұрын
Thank you Zach. I live in Los Angeles and doing business in Atlanta Georgia, where do i get title company to complete my transaction Atlanta or Los Angeles?.... Sorry I'm a newbee!
@FlipWithRick
2 жыл бұрын
I would do the title in the state you are doing the physical deal and where it’s located
@seglord1960
2 жыл бұрын
@@FlipWithRick Ok got yah 😊, I sure appreciate it.
@batmanofchicago1546
3 жыл бұрын
Next video needs to be about how to automate our business with assistants cold callers and acquisitions
@batmanofchicago1546
3 жыл бұрын
Pls
@FlipWithRick
3 жыл бұрын
kzitem.info/news/bejne/k2uI2HposJZ3mIo
@FlipWithRick
3 жыл бұрын
I did one!!
@batmanofchicago1546
3 жыл бұрын
@@FlipWithRick thank you!!!
@lazz7808
2 жыл бұрын
do i need a title company for a on market deal or will the selling agent handle that
@Willact
Жыл бұрын
So we don't have to call the Title company? The Buyer automatically does it? Because I don't really want to do that I want to do the paperwork honestly lol.
@joshuafraise576
2 жыл бұрын
Do you have to use a title company in the same city as your deal ? or does ot just have to be the same state
@FlipWithRick
2 жыл бұрын
Yes!!!
@joshuafraise576
2 жыл бұрын
Yes to same same city or just same state ?
@louisfelesi5125
3 жыл бұрын
do I have to put down earnest money to the seller if I’m just getting started?
@FlipWithRick
3 жыл бұрын
No but i strongly recommend $100
@louisfelesi5125
3 жыл бұрын
@@FlipWithRick thank you!
@andrewteague7921
2 жыл бұрын
Do you send purchase agreement to title first? Or purchase and assignment agreement at same time? Also what about earnest money is that send separately too? You send one and then the end buyer sends one too ?? No one explains this for someone reason
@FlipWithRick
2 жыл бұрын
YES
@Katie-uj9tg
2 жыл бұрын
I have the title company telling me I have to pay $250 to run the title is that my cost or the cash buyers?
@FlipWithRick
2 жыл бұрын
The buyer pays title not you
@loulupero4147
3 жыл бұрын
Does cash buyer pay for title companies fee?
@FlipWithRick
3 жыл бұрын
YES!
@shaikhsaloarhussain4133
2 жыл бұрын
I liked your video... I have a question can I get my assignment fees to my paypal ?
@FlipWithRick
2 жыл бұрын
Yes
@shaikhsaloarhussain4133
2 жыл бұрын
@@FlipWithRick thanks for your answer... One last question that.. I'm doing wholesale business from India and buyer and seller Located in Texas or any country. Do i still can do wholesale or their do be some problem?
@saurabhswarnakar6829
2 жыл бұрын
Do Title Company Ask for Social Security number Or Any Documents to Verify you are an American Citizens ?? Plzzz Reply 🙏
@FlipWithRick
2 жыл бұрын
Yes but it’s for a 1099 but they can work with you if you’re international
@bendover7807
Жыл бұрын
Is there any way to use a title company with no money like a way to avoid the deposit
@foresightproperties
Жыл бұрын
Hey Ben, Don't let a lack of funds hold you back from closing real estate deals. We offer transactional funding, including EMD funding, to help you move forward with confidence. Reach out to us to learn more.
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