Theres a few signs around my area that say "AVOID FORECLOSURE!!!"

I just think that you have made that aspect pay off literally.

I missed your post or I would have answered sooner.In the situation you described where you would wholesale a property from a wholesaler, the procedure would depend on if it was before closing or not.If it was before closing and I was double closing, the person I was double closing to could use an assignment of contract to assign the property to someone else (the original contract is not altered).If it was before closing and I was assigning the contract, the person I assigned it to could double close the property to someone else.Now I am avoiding the idea of a double assignment (the person I assigned it to assigns it to someone else) only because I have never done one and have never consulted an attorney or title company to find out if that's possible.

We're glad you found us andhave decided to join us.If you are experienced in buying foreclosures you willbe a great asset to this group because there aremany questions asked about this aspect of real estateinvesting by visitors to our forum.Again, welcome.

Just some comments to flipper 101 as to that land contract transaction that went south.Well it does not surprise me since anybody can bind the other and to split the legal title with the seller and equitable title going to the vendee or buyer can lead to diasterous results on the title on the property if the buyer claims an equitable interest which he has..and getting a tenant out if he defaults can proves to be a nightmare and how he binded you by encumbering the property is unbelievable.If you suggest using an outside entity such as a trustee why not just use a land trust and get all the benefits of using that enitity and thus by the trustee holding bot the legal and equitable title called the doctrine of equitable conversion now you have a situation where not other party can take advantage of one another and you would all vote to your designated trustee on any and all affairs of the trust property due to it being a beneficiary directed trust so you must ALL be in agreement, sure avoids litigation and disputes and no one can circumvent you on your investment.I know that feeling of getting burned which is why I use land trusts in my investing since all parties are equally protected in any given transaction.We all made our mistakes in this business..that is for sure..

Chuck's course is thorough and touches on most aspects of the real estate investing business including quick flips, assigning contracts, and wholesaling.

So making the bottom line strong enough gives you an impact to manage the things in the right aspect and so for the same reason I have prepared myself to keep track of my hours and ultimately that helps me to stay organized.

Now education can help you avoid some of the pitfalls on the way, but its going to be long rough ride either way you go.General recommendations of books, I would say Robert Kiyosaki's Rich Dad Poor Dad, and if you truly have what it takes, read Og Mandido's The Greatest Salesman In The World.

Dawave, your exit strategy is always the most important aspect of a deal.

Can you please explain the Hard Money aspect of things ?