Posted by CaKev on March 28, 2008 at 17:03:31:
In Reply to: I NEED A GLOSSARY...PLEASE HELP! posted by Lisa on March 28, 2008 at 12:52:00:
I see your wheels are turning. ill keep it short
WHOLESALING- when you sell a contract to another investor
BIRDDOG- a person who finds properties gets it under contract and wholesales to investor or just tells investor and if bought gets a finders fee
LEASE OPTION- leasing the property with an option to buy it at a later date
SHORT SALE- when a lender agrees to take less for a property to avoid foreclosure
SUBJECT TO- buying a property from a homeowner by taking over the existing financing NOT ASSUMING
ASSIGNING A CONTRACT- this is what is done when you give up your rights on a property to another person (wholesaling and birddogs)
- Re: I NEED A GLOSSARY...PLEASE HELP! Lisa 20:21:14 03/28/08 (0)