Flipping Contracts
I just bought a course on Flipping Contracts and it's filled with a lot of information, but it doesn't tell me exactly what I have to do. I have found a seller who is selling her property for 68,000 appriased at $89,000. What I don't know is how to approach the flip contract. What to say to the seller.
Can someone please help me. Thank you.
JD,
The seller in this instance isn't the concern the real issue is do you have somone that you can assign that contract to. As far as the seller is concern they just want to ensure that you are going to be able to fullfill your end of the contract - in other words purchase their home. I am not sure if you have in the past or are currently working with a real estate agent but helping with the assignment of the conrtact might be the best bet for you. Keep in mind, your goal with the RE Agent is to work say on a hourly basis in drawing up contracts as oppossed to taking their traditional 3%.
Hope that helps and best of luck