How do you close in the morning with your buyer if you don’t own the property yet? Is this done in Georgia?

Most investors won’t want to pay your assignment fee until it is closed. For that reason I let it all flow through the title company. Plus, their checks are prettier (yes I frame each check–ueber nerd). Assignments are better than dc because the profit is ordinary income and not capital gains (which a dc would be) and therefore is taxed at a different rate.

Steve, maybe I am misreading what you mean but doesn’t that go against the basics of wholesaling? Don’t you HAVE to put and/or assigns in the contract?