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Updated about 9 years ago on . Most recent reply

User Stats

36
Posts
0
Votes
Anthony Kondor
  • Real Estate Broker and Investor
  • chicago, IL
0
Votes |
36
Posts

How to wholesale Hud houses?

Anthony Kondor
  • Real Estate Broker and Investor
  • chicago, IL
Posted

I Submitted a bid on a Hud property, I won the bid and I put earnest money up and now I have it under contract. I put the bid in my personal name and social security number. I am looking to wholesale this house for a profit. How can I do so

and here is the numbers purchase price $2,700 closing costs 2,000 so all In to close the deal is 4,700. I have an interested end buyer for $7,000, and he has a LLc. How can i close this deal ??? (I was thinking about telling the closing company to close it in the end buyers company name , what do you think please comment. my closing is January 5 th which is tuesday

Thanks!

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