Posted by JoeS on April 09, 2002 at 22:35:46:
In my humble opinion, I would consider your cash situation. If you need fast cash, “flip” the contract. If you can wait 2 months for a lot more money, buy it and sell retail. You stand to make at least 30K. A no brainer as far as I am concerned!
better to close, sell, or double close at once? - Posted by Izzy NY
Posted by Izzy NY on April 09, 2002 at 13:05:29:
I have a condo under contract, for 100,000.
I have an interested buyer at 130,000.
should I actually close on the deal and then resell it rightaway? or should I “flip” it?
My orig. plan was to hold it as a rental, but the appraisal came in at 140,000, and it needs some elbow grease and fixtures… so…
please provide me with your 2 cents, fellas…
izzy
Re: better to close, sell, or double close at - Posted by ArEll
Posted by ArEll on April 11, 2002 at 23:19:42:
If I were you, I would assign the contract and set up the deal with the title company. Then all you do is walk with the profits.
Randy