Close to shorting a 1st & 2nd down to $450k on a $600k house in very good condition. my plan is to unload it to a retail owner occupant by either an auction or 5-day round robin sale.
Question is how should the paperwork be structured? Obviously I have a purchase agreement with the seller, but I’m not the end buyer. If I double-close the buyer’s lender will have title seasoning fits. Should I put my profit as a ‘consulting fee’ on the HUD?