Hello BP Community! I have a question. If anybody who has experience in both wholesaling houses AND flipping deeds could share their insights, it would be greatly appreciated.
I am working with both houses and land. I only have experience wholesaling, but I have the knowledge/education for deed flips.
So, my question is, when is it more advantageous to wholesale a deal and under what circumstances is it better to get/re-sell the deed? Maybe there's no "rule" and it's just a matter of preference? From what I can see, the deed method can involve some more up-front costs, some of which you can negotiate or opt not to have (seller buyout - unless seller agrees to wait; attorney if you want one involved; recording deed; notary, etc). With the deed method you also have a shot at overages in the case of tax delinquent properties.
My deals are coming from absentee owners, tax foreclosures, HOA foreclosures and probate.
What are the criteria that determine when you should wholesale and when you should flip the deed?
Thanks for your help!
