What To Do With The Investor
So, say I find a good deal and want to flip this house at wholesale. Do I do all the due dilligence and have the owner/seller sign my contract first and then sell at wholesale to the investor?
Yep, you got it. Have the owner/seller your contract which is assignable to another person. Then you find your buyer and assign them the contract, etc.
If you know your buyer won't care about what you are making, then just have them step into your shoes, but if you think they do care, then you will have to do a double closing where your "money person" is in one room and the your seller is in the other. Title company cuts two checks, one to seller and then one to you.
The Solutions Kid
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