I am going to look at a duplex that is in my local paper for 95k. It grosses 17k a year. If it is in fair shape I can easily move it at 80-85k.
I plan on explaining to the seller exactly what I am doing.
Do I call them back and make an offer? Or do you mail them a signed option so they got the point that you are serious?
How can I do this without a inspection or title search. I just want to sell my positon without any money out of my pocket since my buyer will do the due dillignce anyway?
What do you expect to be able to purchase it for? Are you basing that purchase price on comps, apprasials, etc? You are saying you can get 15K less for it than what they are selling it for. How long has it been on the market? Why is the owner selling? There is a lot more information that is needed to see if this is a deal or not. Post more and let us know.
Check your PM in 2 minutes
<<I plan on explaining to the seller exactly what I am doing.>>
Perhaps you could practice that by telling us…? 
Keith
Not buying it myself and assigning it. Or just getting all the information and creating a spread sheet then bird dog it. The thing is I have never seen a bird dog contract to insure the bird dog gets paid if the buyer closes.
You need to slow down and educate yourself before you are cht. 11. Read a book about real estate investing so you know you are making the right deals. I see you all over the place in here. your going to lose your shirt eventually