Posted by Ronald * Starr(in No CA) on November 06, 2002 at 19:02:19:
Turkish-----------
You’ve got the right idea. Now just do it.
Advertise these properties for sale to the kinds of buyers who are appropriate. For a price that is more than your optioned price. Advertise for a price above what you would take for the properties, so you can be negotiated down and make the buyer feel great.
You can then either sell the options to the buyers or else do a double closing or double escrow. In this situation, you have two escrows for each property, one between your seller and you and a second between you and your buyer. The buyers money comes in, you sign some documents and the deed comes to you then you deed out to the buyer. This prevents your buyer from knowing your purchase price, if you worry that the buyer may not be happy to see how much profit you are making.
You probably should buy and read the book “Flipping Properties” written by Bill Bronchick and another author. It’s paperback, costs less than $20 on amazon.com
Good InvestingRon Starr****************