Closing Wholesale Real Estate Deal For Student

24 Oct 2024 · 12 min
11:35

In this uncut, day‑in‑the‑life video, Jesus Gabriel Mendez (Jay), a six‑year wholesaler and mentor, walks viewers through the final steps of closing a wholesale deal for his student, Marion (also referred to as Amaryon/Amarian Walker). Because the seller is a lawyer, Jay steps in to ensure all legal and procedural requirements are met. The conversation with Thomas, a title/closing representative, covers: (1) the need for a signed assignment agreement authorizing the transfer of the deed from Marion to the purchasing entity B&C (also called BNC in the transcript); (2) clarification of the correct legal name of the purchasing LLC and why multiple LLCs are used for different purchase strategies; (3) a price discrepancy where the purchase price shown on the closing statement is $67,800 while B&C will actually pay $75,000, and confirmation that closing costs are covered by B&C; (4) coordination of email confirmations, document exchange, and the timing of the warranty deed and title company’s wire‑fund release; (5) final logistics for a Friday closing, including overnight document delivery and follow‑up calls. Throughout, Jay emphasizes transparency, legal compliance, and mentorship support, inviting viewers to ask questions and offering one‑on‑one mentorship opportunities.

Chapters

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