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Updated over 10 years ago,
Negotiating a REO wholesale deal
I've heard a lot about creative financing with no money down... How does title search and appraisal fees factor into this? Is there a typical amount that title companies cost? I would like to know if it is feasible to offer a buyer the home in the terms "AS-IS, buyer responsible for taxes.". I already made the mistake of getting the contract in my name instead of a land trust that I can assign, so I'll be doing a double closing. But does that mean I have to pay off the liens before I seller it to the buyer?
This will be my first deal and I already know I'm making a lot of mistakes in the hit the ground running approach. So any advice would be welcome. (Please be gentle.lol)