Wholesaling Tax Deeds

[Zachary Warren]

Hello, I am in Alabama and have received a price quote for a tax deed for a property owned by the state, meaning that I have a certain amount of time to pay the amount in order to receive ownership of the tax deed. I want to find a buyer first, and then basically flip and assign the tax deed without using my own money. Does anyone have experience with this and knows what type of contract to use, what to say to the buyer, etc. Any help is greatly appreciated!

[Denise Evans]

@Zachary Warren, you will not be able to flip your contract. The Alabama Dept of Revenue (ADOR) requires that whatever name was given the price quote will be the name to whom the tax deed or tax certificate will be issued. You should get price quotes in the name of an LLC that you can then flip the entity, or get your money in advance from the buyer, use it to purchase your price quote property and then transfer to your buyer.