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Updated over 7 years ago on . Most recent reply

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21
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1
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Brittany Adams
  • Professional
  • Houston, TX
1
Votes |
21
Posts

Are all of my ducks in a row here?

Brittany Adams
  • Professional
  • Houston, TX
Posted

I’ve been focusing my studying on Wholesaling Pre-Foreclosures lately. I’m ready to take that leap, but I want to make sure I have everything lined up correctly first. Please fill holes where you see fit.

With the auction deadline in mind, of course.

1. Get the property under contract with P&S

2. Find buyer

3. Add fee and assign to buyer w/assignment contract.

4. Close before auction date. (Seller’s proceeds pay off back taxes and liens first, then he/she receives the rest)

Done...?

I’d also like to add in an option and a clause where the seller may also find a buyer if he/she can, as to not tie up the property when it can be sold if I don’t find a buyer. 

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