Posted by Todd(AZ) on June 16, 2006 at 19:36:30:
Hi MP…My very first deal went like this: 1. Made offer, gave $100 deposit with signed Lonnie contract (Now I give $20 deposit) and permission to show home until they moved out in 3 weeks. 2. Immediately put up MY for sale sign in their window, by appt. only, and ran ad. 3. Showed home once per week, one hour only, Sundays, with owners permission. 4. Got downpayment from new buyer after sending them to get park approved. 5. On move out day, gave sellers the balance I owed them and got keys and signed/notarized title (all done at my bank). 6. Drove to the home, took a few pictures, made sure it was clean, and went straight to new buyers home for balance they owed me (pre-arranged time). 7. Became hooked as this was a cash deal and I really only owned it for 1 hour! P.S. I never titled the home (oops, shhhh)…I took new buyers cash and gave them the keys and signed/notarized title from ORIGINAL seller and sent them to DMV. Done deal. Todd(AZ) Note: I would not advise not titling the home in your name. Double note: Haven’t had one this easy since.