Posted by Matt on February 18, 2002 at 15:00:53:
Joe, or anyone else with considerable knowledge. I am currently looking at flipping a HUD property listed through a RE agent.It is a 3 family and they are asking 40k. Rents average 500 per month, seems like an attractive property to hold but I am still new and want to flip before I rehab/ buy and hold. Would my best option be to submit my offer with a trust as the buyer? then flip the trust for an assignment fee? and how do I set up a trust in this case? Would it be easier to make an offer and then simply use an assignment of contract form similiar to the one on legalwiz.com?
Thanks in advance— Matt