Posted by Nathan(oh) on July 16, 2002 at 08:48:12:
I assume you are talking about the time when your buyer is ready to get an actual loan for the property and cash you and the owner out. To do this is is similar to a wholesale flip. You would do a double closing. You would close with your buyer and with your seller in seperate, but back to back, closings. The other alternative is to assign your contract to your buyer right before closing and have them pay you the difference, but that is a last resort.