Re: Why are they telling me Flipping is Illegal? - Posted by Kristine-CA
Posted by Kristine-CA on June 08, 2005 at 20:49:51:
The gurus and books don’t give details about the ins and outs and
legalities for each state. There are escrow agents and lawyers who will
simply not do what you are requesting–using your buyer’s funds to
fund your purchase with the seller.
Make sure that you are explaining it correctly. You are looking to open
two escrows, pay two escrow fees, buy two title policies. But,
regardless of how you explain it, there are escrow people who will not
want to do this. There are escrow people here in CA who have
directives from their legal departments not to do this.
It’s definitely up to the closing agent, so network with some other
investors in your area and find out who they use to close investor
Best of success in getting your team together. Kristine