Posted by Maurice (Ca) on June 03, 1999 at 15:47:51:
Here’s a newbie opinion:
You locate your buyer first because when you do find the property that you can flip, you want to be able to either assign/flip quickly. You don’t want to find your property & then have to scramble around to find your potential buyer/investor. I personally don’t think it’s a good idea to use too many contingencies in an offer: especially when dealing with institutions. Remember your buyer is going to be a bargain hunter looking for a deal & if they’re the right kind of buyer, they should be able to come to the closing table with cash & close quickly. Also remember, it’s easier to find a bargain-hunter like this then it is to find a great bargain property.
Well, again this is my opinion.