I dont know how familiar everyone is with John Alexander’s IP(Inverse Purchase) Method… basically contract with seller, then contract with end-buyer, finally releasing that end-buyer to original seller and using a invoice as a release form and assignment to get paid for the end-buyer. Is there a way to incorporated his method in flipping a foreclosed home?
I am not familiar with the method you reference. How does one "release the end-buyer to the original seller and not have this invoice appear on the HUD? Since the bank will not allow an assignment, and this is basically what you would be doing, this method could prove to be problematic. And I wonder if an invoice is a good way to convey title? If you’re the buyer, then you need to close as the buyer, then sell as the seller.
OKAY
On the IP there is private funds in the deal
Yes it works but it can have problems if you do not keep on top of the whole deal from start to end
As it is viewed as alot of smoke and glass by many
I am of the thought that in all most all case s sub2 is much better as you get the deed upfront so to speak
Then if you are of the mind you can sell it as it it is yours to do so
But here again as with any real estate deallings stay on top of your deal from start to end
The bottom line is this do deals as clean and simple as possible !!!
This will keep you transparent and you clean in the eyes of the law