Posted by Chris on September 24, 2004 at 14:36:31:
If you are flipping wholesale properties then you don’t even need the deed signed to you, you can, but its not needed. Have seller sign the purchase contract (with a clause stating the contract is assignable). You can do the flip by assigning your purchase contract to the new investor using an assignment contract. The new investor then takes the purchase contract and the assignment contract to the title company and he closes. Or you can double close, that is closing with the seller and new investor at the same time. This is using the new investor’s money to pay the seller. Not all title companies do double closings. I hope this helps.