Just make sure when you flip the house that you are out of the way. You don’t want the house to come crashing down on you. That could hurt! Seriously, use an option to tie up the house and then assign your option for a fee
Posted by Randy on September 08, 2003 at 10:30:32:
Draw up a purchase agreement between you and the seller, in the name section put Arlene (last name) and or assigns. This allows you to assign the agreement to someone else. When you have a rehabber to assign it to you need an assignment form. As for the fee? what ever you want. $1k, 1% of the purchase price ? what ever you and the rehabber can agree on.