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Updated about 5 years ago,

User Stats

130
Posts
12
Votes
Tony Gatto
  • Property Manager
  • Myrtle Beach, SC
12
Votes |
130
Posts

How to assign on this deal ?

Tony Gatto
  • Property Manager
  • Myrtle Beach, SC
Posted

I have a home that i just put under contract. However i have a decision to make and would be interested in some other wholesalers opinions ... so here goes

Seller agrees to prices 27k and signs contract. However i know he needs to sell but do not trust that he would back out if he found out i wholesaled it for 10k more

Investor...buyer for 37k . Knows i will be assigning and just wants the home. Does not care that i will be making 10k (well actually more like 8500)

I dont trust that the original seller would not try to back out of contract. So in my mind i am thinking to become a part of the title chain. Which creates extra costs.

Any Ideas on how to get around this?

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