Hey guys, now I know i’ve been posting left and right on the board, but I’m kind of stuck with the moving forward of this deal because I don’t know how to get the property under contract with the purpose to whole sale it. The property is owned free and clear by the owner and it is not listed with a realty company. How do I go about getting this baby under wraps? Help please!! :o
Is the seller motivated to sell for any particular reason?
Not sure if I’m missing what you’re asking, but all you need to do is put “and/or assigns” next to your name as buyer in the contract. You also want to get a closing date as far out as possible. And I agree, you have to have a motivated seller.
Of course, I know the seller has to be and is very motivated. Maybe I’m just making the entire contract deal more difficult than it needs to be, its only been a day. But I appreciate your help. Thanks!
TC is right. Just sign a purchase contract that has “and/or assings” in it. That’s about it. Double check your estimated ARV(After Repair Value) for the property so you know you’re getting a good deal. Also, you should have a buyer or list of buyers that buy homes to wholesale to.