Options

mjdreal profile photo

So far what I have read is that you can wholesale nice homes but it's just called working with an option......
Where I put a house under contract for say 80-85% of FMV then I sell it for say 95-97% of FMV so it's basicaly a quick flip.....My concerns are if I put it under a option contract and sell it do I have to do a double close and if so does that cause problems with the seasoning issue ( maybe not if I can find a good broker that can find a lender that will not have seasoning issues..............
OR could I just assign my contact over to my buyer..........
I was hoping that there was a good course on this stuff,,,,,,like who pays closing costs and all that stuff...............Thank you for all your help I'm very badly wantting to get started but just have to many questions right now for me to feel good about writing up a deal............... confused

Comments(1)

  • davehays20th January, 2004

    you can assign option contracts

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