Wholesaling By Quit Claim
Has anyone wholesaled a property by adding the end buyer too the purchase contract and using a quit claim after closing too remove themself from title?
If so, can you further explain how this is done? I have heard off and on about this method. Transactional fees are eating into profits and I need too find another way too wholesale.
Some questions that I have:
1) Who creates the quit claim
2) Is is signed before or after closing?
3) What contract do you use too spell out to the end buyer you're using a QCD and your fees associated?
4) Do you have your end buyer sign your contract first before adding him to your purchase agreement with the seller (Bank)?
5) is the QCD recorded with the county?
Just confused. I would appreciate it if someone can walk me through the process. Thanks everyone!