When I bid on this place I had no intention of flipping it, so I guess I'm trying to run best guesstimates to determine if I can cross this off my list, or keep flipping as an option.

., they know you are offering a lowball kind of price and your intentions), but the legalities of what you do are different than those an agent/broker is bound by.

We are planning on disclosing We just weren't sure if it should be on the Intent to purchase contract or after acceptance..

I took your advice and called up the seller and clarified my intentions on wholesaling the property and never taking posession myself.

You're taking a property off the market, if you fail to perform and the contract is seen as a bogus contract, no real intent to buy or ability to buy, forget what your disclosures say you could be held liable for damages suffered by the seller.

And in all actuality, a huge number of those (as I look through my notifications) come from well intentioned folks directing those new comers to resources.Having said that, I don't care how saturated your market is...

The issue about having a clear title got me thinking - (and maybe some of you more experienced wholesalers can help answer this), if our intent is to wholesale a property (by assigning an option, like Matt did), should it just be a standard order of business to order a title search and/or title commitment immediately after we get a deal under contract?

Does anyone know if I have to send a letter or where there might be a templete letter to send to warn tenant of my intentions to take him to court for money.

In this market your more likely to find first time home buyers with FHA financing meaning you CAN'T sell to them because of seasoning requirements.No offense to Kristine, I'm sure her comments have good intentions but I don't think they fit with this situation.Jeff

@ Bill Gulley: We are completely transparent in our intentions with our buyers.