Posted by Russell on January 09, 2003 at 10:40:16:
Those are the right questions but the answer could be 10 pages long. My suggestion: read enough until you find the answers. The answers are a readily available from umpteen sources. Look at reidepot.com, get anybodies wholesaling info-products and you will find the answers. If you were to read every one of them you’d find they are all very similar. I highly recommend Ron Legrand (though he’s with a different group now)and Bill Bronchick (legalwiz.com)
I am new to investing so I have a few questions about flipping properties in order to get my feet wet. Can I do Wholesale investing (flipping) on Va and Hud forclosures? What are some techniques in finding motivated sellers and Vacant properties? Once I get a property under contract and assign the contract to an investor, how am I able to get my money out of the deal? What is the process of double closing? Thanks in advance for answering my questions. God bless.