Flipping - Posted by Gregory Lane

Posted by Chip_TX on March 29, 2001 at 21:31:46:

Pre-qualifying is optional. If using Realtors, you most likely will have to go that route. Buying from owners, they will usually not require that.

I would advise having a specific investor in mind for the property, and use the form he uses, and terms he prefers on the deal. Such as allowing enough time for closing, possession of the property, weasel clauses, etc. Each investor has his quirks. (Except me, of course… 8-] )



Flipping - Posted by Gregory Lane

Posted by Gregory Lane on March 29, 2001 at 11:08:28:

When one puts a piece of property under contract for wholesaling (flipping) to another investor, besides the earnest money down is it neccesary to be pre-qualified for the balance of the purchase price? I appreciate the help, I am new to this. Sincerely, Gregory Lane