I have a question, I currently have an awesome investment property under contract. It has been almost completely rehabbed, but the previous investor ran out of funding. It is in a nice part of St. Louis where the homes sell for between $300k to $500k. I have checked the comps to confirm this. The sellers agreement states that the contract is not assignable, but my agent did say that I would be able to do a double closing. I am fully prepared to complete the rehab and retail the property, but it would be nice to have the option to wholesale it to another investor. Does anyone have any experience with Double Closing in the state of Missouri? If so, what things do I need to do to be prepared once I find an investor interested? I have not done a double closing, so I am looking for any insight you guys might have.
I learn something new every time I get on this forum. ;D
Ok, I think I could have answered a lot of my own questions by using that search button… oh well, anyway. I think the main thing I need to find is a title company that is willing to complete a double close in St. Louis, since the contract I signed has a clasue that prohibits the assignment of the contract.
So, with that being said. Does anyone in St. Louis know a good title company? I will begin my search tomorrow morning…
Thanks for not flaming me too. I am still a novice…
I stay in St. Louis, Mo. also. And I am a new beginner. Can you help me to get started into the business. I’m having hard time locating some of the homeowner. How can you go by locating the homeowner if they don’t stay in the proerty that you will like to put under a contract. I even ask neighbors. They didn’t know where the homeowner move to.