Posted by Rob FL on January 21, 2001 at 23:19:25:
Before you jump in head first with this you probably need to purchase a course on this subject. Bronchick has a new course on “Flipping properties” that looks like it covers this subject. I don’t have it, but I do have another course of his on “Cash Cow” and it is very superb. You may want to ask about it on Newsgroup 2.
If you have the proper forms lined up you can flip a property to an investor and let the investor come up with the $500 deposit. As for banks/HUD/VA, forget trying to assign the contract. You almost always have to do a double-closing.
Best bet, buy the course.