Posted by Ben on January 22, 2000 at 18:01:13:
Get the deal under contract from the seller, make sure you have all your weasel clauses in place if you don’t want to end up owning the house. Of course, the contract is assignable.
Your options are-- sell the assignment for the amount you want–or-- write a contract on top of it, again making sure you have all your disclosures, i.e., you don’t actually own the house, you may or may not get title to the houe, you are a professional RE investor, etc. Set the latter up in a dual closing. Find a title company that will work with you. Make sure you disclose everything and you should be OK. But, you may want to flip an atty a few bucks if you’re not sure.