FLIPS-R-US - Posted by Redline
Posted by Redline on December 14, 1998 at 11:42:14:
Actually, I flip off people in my car all the time …
No, seriously. You can flip a house easier than all this. Just follow the beginning explanation (get good price, get contract on it) and just ASSIGN your position to someone else. They pay you $X and you walk away. They close, and get the house a few days/weeks later.
Now, sure there are things to work out (provide SOME idea of clear title, make sure there’s enough profit for everyone, don’t be too greedy, get all your CYA docs in order, get your new assignee approved by your seller).
This way, you get paid up front (Ala Joe Kaiser) and you walk away. You make a couple bucks ($2-$10k let’s say) and the rehabber gets his $15-20k that he’s probably looking for.
Do 8-10 of these a month for a couple of years, and retire early and wealthy.