How To Present To Investor?
Hello all,
There is a property that a solid appraisal came in at 1.4 mill, Its a builder owned home and another investor has an option to buy at set price, he wants to dump it off for 800k with all his fees included. I have an investor who will take it for 900k.
How would I write this up?
People involved are:
Builder, Wholesaler w/option, Myself, Investor to buy property.
Thanks everyone!
thanks!! 20 reviews no comments! I think I figured it out.
It sounds like you need to buy it from the investor who has the rights to buy and then sell to your investor... Unless you’re a broker anything short of that is acting as a real estate licensee...
A simple assignment of contract seems to be the easiest as long as the first investor has that ability in the contract if not then do a triple close.
Good Luck
[addsig]
Thanks for the response...LOL sorry about the snippy attiitude. Wont happen again
Could I just give the original investor his "fee" and take over his option? Then assign it to the new guy?