Aug 17 (edited) • General discussion
Got A Deal-Requesting a HUD-1 Statement with Privacy, Limiting Daisy Chains, and Preventing Real Estate Fraud
The Wholesaler's Advantage: Vetting Cash Buyers/(Just In Case You Don’t Have A Software App To Find Buyers)
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Verifying A Deal's Legitimacy While Protecting It With A Shared HUD-1 Settlement Statement
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A real estate "daisy chain" occurs when a wholesaler secures a contract to purchase a property at a discounted price from a seller and then assigns that contract to another wholesaler, who in turn assigns it to another, and so on. Each link in the chain adds their own fee, increasing the final price of the property for the eventual buyer.
While this practice in itself isn't inherently is not legitimate, it can create a situation ripe for "stealing a deal" or deal poaching.
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Got A Deal-Requesting a HUD-1 Statement with Privacy, Limiting Daisy Chains, and Preventing Real Estate Fraud
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