Wholesaling Real Estate (Flipping Contracts)

[Xavier McCain]

Can someone explain to me the process, in depth, to flipping contracts?

[Moises R Cosme]

Xavier, 

1. You find a property

2. You make an offer to the Seller and have them accept an offer, where you are the Buyer BUT you also stipulate that a nominee could step into your shoes.  I am NOT an Attorney, but typically all you need is a Contract that has this on the Buyer's side:  Xavier McCain or Nominee

3. You find an end Buyer that can perform based on the terms agreed upon in the purchase Contract you & the Seller signed

4. The new end Buyer or nominee, has to agree to pay you a fee for nominating them and allowing them to take over the contract

5. The purchase & sales agreement will be between the Seller and the Nominee; the deed will also have a direct line between the Seller and the Nominee

6. Your fee will be paid by the Buyer at closing

I hope this helps!!!