FLIPPING Homes - Posted by dm

Posted by Rob FL on April 18, 1999 at 17:26:56:

Read the how to articles by Jackie Lange on Flipping. This should give you more details.

FLIPPING Homes - Posted by dm

Posted by dm on April 16, 1999 at 18:50:58:

I am a new to the real estate game and would like to begin flipping properties to homebuyers and investors. But I have a few concerns. I already have a mortgage lender lined up to pre-qualify my prospects and i know a realtor that will give me access to some reo properties. My concern is structuring the contracts properly. How is a simultaneous closing conducted and do I have to qualify for the contract price of the home and close in my name and then go to another closing for the flip or is this all done at one time? How will this affect the title to the property? My credit is not all that great but I have a list of 50 people that are interested in buying homes from me, because they are reo properties and if the numbers are right my llender will put them in with no money down and no closing costs. any help would be appreciated.
DM in DC