All Forum Posts by: Ted Akers

Hello Fent,

Your end buyer on a flip typically needs to be a cash buyer or one that has qualified with a portfolio lender. Most traditional lenders will not lend on a flip without 90 days seasoning.

Having buyers in place is your call. I can tell you most investors always seek to control the property first and foremost then go find the buyer. Also on a short sale, the approval process is typically long enough for you to market the property for a buyer. Make your offers in the name of an business entity. Check your state law, but by executing an Option Contract or a Purchasee Contract you have an "equitable interest" in the property which allows you to market it to buyers.

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