How To Flip.(Assiging Contracts.)

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I got the basics. Find a seller negociate sells price lower than retail, then sell the contact to another potencial buyer. Question: What should be the time frame between assignment? Do I have to record the option first? And most important who/when do I get the money from the assignment, the buyer or the bank at he time of closing?

Comments(1)

  • kenmax6th October, 2004

    you don't have to have it recorded but you can have it notarized to protect your option rights. you will normaly be paid at closing, you will make this agreement.......km

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