my question is that Is it illegal to flip assigned contracts if not how is it legal?
I was told that every transaction has to stand on it's own A-B (A being the homeowner or bank)(B being me) then B-C (C being my end buyer) that I would have to close with A first then sell to C after that I wasn't able to just assign the contract over and just charge a assignment fee I'm confuse how it works because here in utah it's illegal.thanks
thanks for the info.. keep up the good work
Lbg801 2 years ago
Or there might be another term that they call it here.
Lbg801 2 years ago
my question is that Is it illegal to flip assigned contracts if not how is it legal?
I was told that every transaction has to stand on it's own A-B (A being the homeowner or bank)(B being me) then B-C (C being my end buyer) that I would have to close with A first then sell to C after that I wasn't able to just assign the contract over and just charge a assignment fee I'm confuse how it works because here in utah it's illegal.thanks
Lbg801 2 years ago
It's not illegal to flip a contract.
The A-B and B-C transaction that you describe are perfect for when the end buyer needs bank financing.
To flip a contract, you're going to need your end buyer to be a CASH buyer, otherwise it won't work.
BuyAWhatcomHome 2 years ago
I'm interested in financing for investment properties. Where else can I get more information about this?
Thanks,
REIMarketingTips 2 years ago