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Re: Simultaneous closing or assignment
Re: Simultaneous closing or assignment -- Dana (MD) Post Reply Top of Thread Forum

Posted by: Scott Rister
03/25/2003, 14:47:07

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Dana,

I most of the time use just simple assignments which doens't mean I get paid before closing, but on the HUD statement it shows me as assignment fee. I use this mostly because the buyers I deal with don't care how much I make as long as it meets their investing criteria. I use simulataneous closings on ones where absolutely necessary that is confidential when I don't care about either party (buyer or seller) knowing what I make.

As far as wholesaling S2 deals they can and should be farther and few between. When I use to really need the cashflow I would readily do but its just my personal preference to hold onto now.

Thanks
Scott


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