Hello - I'm searching for clarification on wholesale contracts. Every single agreement example which i've observed has a few events: Vendor, Assignee and Buyer. If I recognize the process accurately, I, since the Assignee, will to start with enter into a contract with the Seller. Then afterwards enter right into a deal with a Customer and produce the two alongside one another within a double close transaction.
You actually only want to do this if your charging a large revenue on the deal (Just about anything above $10,000) or In case you have a deal that can't be assigned, just like a HUD it's possible or even a Fannie Mae deal. Hope I cleared it up for you personally.
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MAO is the MAXIMUM price tag you are able to offer to a seller. When you offer more than your MAO, you may not be capable to offer the assets to your cash purchaser, your earnings may be decreased, or you may not make any income around the deal.
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