Posted by: statemed
06/27/2005, 23:14:41
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I am tired of the seller having to cut me a check back at closing. I don't have control this way.What I do is find a property under market value. I then negotiate a price on it. Next I match my pool of investors with the property at a 4k-5k mark up on the price.The buyer does a contract directlt with the seller.The buyer gets a loan from my mortgage broker.
We go to closing and the seller cuts me a check back for the difference. How can I better do these deals where as I get paid at closing?Do I use a option, assignment of contract or what? What is the most acceptable method that most lenders will allow? Need help in a hurry.I keep coming up short the way I have doing these deals
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