Posted by LeonNC on December 28, 2000 at 10:43:00:
Nope, not a concern. You just tell the investor you’ve got this thing under contract for a great price…would you like to be in my position? There are people out there looking for you to find them deals so start finding them now.
LeonNC
Yet another Flipping Question… - Posted by Jeremy - Detroit
Posted by Jeremy - Detroit on December 28, 2000 at 08:31:42:
I am interested in getting started in real estate investing, and I’d like to start by doing wholesale deals. However, I have a question. If and when my buyer (presumably an investor) inquires about why I am not on title, how do I handle this? Is this even a concern? Sorry if this sounds like a stupid question, I just prefer to take the path of least resisitance, and want to find out if I have to be ready for anything like this.
Any feedback is appreciated!
Jeremy
Re: Yet another Flipping Question… - Posted by SCook85
Posted by SCook85 on December 28, 2000 at 20:25:52:
Jeremy,
This usually is not a concern. If someone asks me, I flat out tell them the truth. I just tell them that I have the property under contract and I will be settling on it if they don’t want to buy it from me.
Seasoned investors will never ask this question. In most cases they will know exactly what you are doing and it won’t be an issue.
Steve