First Short Sale Ever! Need Help to Wholesale
Hello to all,
I am relatively new to investing with just under two years under my belt. Yesterday, two of the homeowners I've been working with over the last few days agreed to sell me their homes through a short sales.
I am interested in wholesaling these deals to a rehabber. I understand the short sale contract typically cannot be assigned. I would greatly appreciate the help from the decades of experiece of the investors in this forum to figure out the best way I can wholesale.
In this market, is a double close ideal? Is it a land trust? Is it an option contract?
I've heard that lenders and title companies are getting weary of land trusts. I also understand a double close affects chain of title. And I've noticed more and more postings on the internet about using options to tie up short sales.
Any suggestions?
Thanks to all in advance!