How to Flip Property You Don't Own
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Book Details
Author(s)John Alexander
ISBN / ASIN1499130945
ISBN-139781499130942
AvailabilityUsually ships in 24 hours
Sales Rank793,234
MarketplaceUnited States 🇺🇸
Description ▲
The Inverse Purchase allows you to resale properties by placing a real estate sales contract or option on a property then finding and placing an end-buyer into your purchase position with the seller. You pull yourself out of the transaction using a release clause and an invoice. The invoice ensures you get paid your profit while not disrupting the chain of title from the original seller to your end-buyer or having to do a double closing by bringing in purchase money.The invoice locks in your profit since all invoices must be paid or the deal can't legally be closed by the Title company. They technique only works with All Cash Buyers. It is not designed to work with buyers who must use a traditional lender to fund the purchase. Effectively, this replaces the traditional Wholesale Flip methods with a much safer and cleaner transactions that locks in your profit. Too many times wholesalers lose their deal due to bad structure, promised funds that never get paid, or deals that get circumvented.