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Rehabbing & House Flipping

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14
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Anya Swanson
Pro Member
  • Rental Property Investor
  • San Clemente, CA
8
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14
Posts

Flip without getting a property under contract...

Anya Swanson
Pro Member
  • Rental Property Investor
  • San Clemente, CA
Posted Jan 30 2018, 01:16

This is my first flip. The seller has accepted my email offer on her house. The cash buyer has accepted my price. Question: Do I still need to get the property under the contract or could I just connect the seller and the buyer and receive my small (5K) cut? I get that there is a chance of them circumventing me out of the deal plus taxes involved, but am I missing something else here? 

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