How To Wholesale Houses - Location, Location, Location!
Get your mind out of the burbs and into the gutter! Many, if not most, new investors, who haven’t spent much, if any, time in the hood, are the same way I was when I was just getting started, apprehensive, if not, fearful. (Apologies, if I’m not culturally licensed to use the term, hood. It’s what I’m used to calling the older, inner-city neighborhoods.)
The natural tendency is to look for deals in the suburbs. It ain’t gonna happen. When I talk with new investors who say, no war zones or not these zip codes, I say, call me back... continue reading >>
How To Wholesale Houses - Double vs. Assignment
Double vs. Assignment
“Never tell people how to do things. Tell them what to do and they will surprise you with their ingenuity.”
– General Patton
An assignment, technically, transfers the rights of one party, the assignor, who is already under contract with the seller, to another party, the assignee, through an assignment form. The problem with the assignment form is that it divulges your earnings to your buyer. It makes your position in the deal look incredibly weak and may actually cause your buyer to walk away. This isn’t the way you want to conduct your business. It’s not... continue reading >>