OfflineThe deal I offered today for assignment sold in less than 6 hours! Here is the link http://www.deangraziosi.com/node/10427
I was able to assign a deal that fast for two reasons.
1.) I created a buyers list first! Then I went out and found property that my investors were looking for. Which is what Dean teaches to do.
2.) It was absolutely a sweet deal. I actually had people fighting over it.
An investor from the Michigan area ended up with it. I have less than an hour in this deal and my profit is $5000. This is the second deal I have assigned in 2 weeks. The first deal I assigned was very similar to this one but it only took 20 minutes to assign that one. I made $2000 on that one. $7000 in about 1 hours worth of work isn't bad. Here's the thing. All you have to do to make this work is do the same thing I did. Create a buyers list. Find a title company that will do assignments. Find a deal that is 40% below value. Send out an email to your buyers. Then cash checks. Get it done!
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
Or should I say Mr. Trump. You once told me a couple of weeks ago that you would attend my classes on REI. Now it is I that looks for your REI seminar. GReattttttttt Deal my friend................Still fighting in the trenches...Jan
Hey, a quick question. What is to stop one of your buyers from walking in and taking the deal from you. I realize they are from out of state, but isn't this a scenario that could happen?? Do they ever question the assignment fee?? Examplle. You buy the prop for 50k and assign it for 55K. Do they ever try to bicker you down??.....Your student.....Jan
They can't take the property from me because I have it locked up on contract in my corporations name. Nobody tried to talk me down on this one because the deal makes sense, plus I had several people tell me they wanted it so if someone would have said they wanted it for a lower price then I would have just moved to the next buyer. It's all about supply and demand my friend!
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
Does the investr. take your word on the condition of the prop? So next step he gets his $$ together and closes the deal and you go to the bank. But why do you find the title company? Isn't that the buyers job??...Jan
Excellent info for us newbies, Thanks!!!! more than u think
You make us proud. As always, your aggressiveness ad finesse is inspiring. Congratulations
Anita
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TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
No, Jan you as the seller want to have FULL control over where you close with your "end buyers". This is another contingency that i have implemented into my contracts, "that i have the right to choose where we close", wehter it be a title compnay or my RE Attorney. This way when the time comes to close you have someone that your NOT only comfortable with but, Also someone who can be on YOUR SIDE should a problem arise.
YOUR HERO, SULLY
Yes the investor takes my word on the condition of the property or that person can go look at it. That is why I include the address. Now, if the investor is from outside of the area then it would be hard to get to the property and look at it before someone else from the local area gets to it. Here is the thing about assignments of contract "DO NOT BUY A PROPERTY WITH THE INTENTION TO ASSIGN IT IF YOU YOURSELF WOULD NOT LIKE TO OWN IT". That would just be wrong. Ethics will take you to the end of the earth and create wealth beyond imagination. That is why the US is the wealthiest nation in the world...because other countries trust our word. You should be the same way. Also, I would have closed on this property myself in a heartbeat but chose not to for 2 reasons:
1.) I have a couple other really big deals going on right now.
2.) I have made a COMMITMENT to myself to learn how to effectively assign properties to other investors so I can teach others how to do it. The only way to truly learn how to do something is to actually "perform" and do it for yourself so you speak from experiance.
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
CBR,
I am so ready for the assigning part of my REI road trip.... There are limited deals here in the NW corner of Iowa. But I continue to build my list of investors. In the interim, I am buying, refurbishing and or renting the properties that I am getting my hands on. The best I am seeing our here is properties that are 20% to 30% below value. I personally bought the two properties that were 45% below value and am doing the work myself.
But I am hopeful that an assign deal will come a long, if I stay diligent and persistent!
Congratulations with FAST assignment,
Rohn
DeJor Properties, LLC
1.) I have a couple other really big deals going on right now.
2.) I have made a COMMITMENT to myself to learn how to effectively assign properties to other investors so I can teach others how to do it. The only way to truly learn how to do something is to actually "perform" and do it for yourself so you speak from experiance.
CBR, congrats on the big ones you've got in the works! Moving up again!
I appreciate you sharing your experiences with us and "teaching" by "doing". Also your integrity. A person never has to doubt what you say. Good character is not only instilled in us by our upbringing, it is a choice we make. Thank you for being a great role model!
AWWWWE-SOOOOOMMMMMMMMEEEEE DEAL today!!! I'm VERY happy for you.
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
CBR I am so proud of you buddy! You deserve much success for all you do helping others the way you have done here on the board.
I enjoyed reading the numbers on the property and saw the deal there. No wonder someone snatched it up in a hurry. Now go get the others!!!
"THE ARCHITECT OF YOUR DESTINY IS YOURSELF"
"SUCCESS WALKS HAND IN HAND WITH FAILURE"
You make me feel like a total rockstar! Thanks for all the nice things you always say about me. Oh and by the way, can I have your autograph?
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
WAY TO GO!!!!!!!!!
Your deals totally inspire me! I am working on my buyers list now and it really helps to hear someone IS really DOING this! It really fires me up! It may be taking me a while, but I know it will be soooooo worth it in the end. Thanks so much for sharing with us! You're awesome! I look forward to hearing (reading) more! WOW!
Dawn
Life's a Dance you learn as you go...GET HAPPY FEET!
"Most of the important things in the world have been accomplished by people who have kept on trying when there seemed no hope at all." ~Dale Carnegie
You are who you are.
I think we ALL appreciate that. (there's not too many like you)
And I believe you already have my autograph (signature) lol.
Rina
P.S. You deserve every good thing said about you.
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
Way to get it DONE!!! Nice job.
you mentioned that "Find a title company that will do assignments"
what do you mean by this, I mean dont all title co's and RE lawyers honor an assignment. What does it matter to the title co/RE lawyer, as long as someone closes...right?
Don't Wish the Past, Create the Future! - DH
Let me ask you...did you request a non-refundable $2500 deposit? And you also only received 5k for one and 2k for the other...
Don't Wish the Past, Create the Future! - DH
Great job CBR. What is the most effective way that you have found to build a buyers list? Real estate clubs, marketing on line, calling dentists and attorneys etc.?
Are most your deals REO's or are these mostly pre-foreclosure deals that you are locking up?
HOW FANTASTIC IS THAT!!!!!
You are very inspirational!
Thank-you for all the times you share and "Teach".
kellie
Thanks for taking the time to answer my questions. I agree 100%, don't assign the house to someone unless you would live in it. I didn't get into this business to do 1 deal and run. My reputation is at stake in all that I do. Again, great success to you now and in the future...Jan
I found buyers through telling everyone I know that I buy real estate and also through an REI club. Both of these homes were NOT bank owned properties. Both were vacant however and motivated to sell. I do charge a non refundable deposit on each house. And yes some title companies won't close an assignment of contract. Just call around until you find one that will.
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
to find a title company that would do assignments, cbr is right, most of the title companys where i live think that, assignments are illegal, they just need a little "creative financing 101"
YOUR HERO, SULLY
Wow! You are really kicking some real estate butt! Reading your success is invigorating! Reading the steps you did to make it happen is a valuable education. I am in awe!
Way to go cbr!!
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Michael B
CBR
Reading your investment opportunities are like reading a good real estate book (DG). I know you were thought well, maybe you should consider writing your success stories for publication. Great job, you encourage us all.
Sandra
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.
Thanks for the comments! Now I really feel like a rockstar!
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
Is there such a thing as a triple closing?
Curious minds want to know :0
Beth
What is this deposit and who is paying it and why? Im curious!!!!
I haven't ever heard of a triple closing but I suppose it is possible.
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
the deposit is the earnest money that is put down to lock up the property.
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!
Reading your investment opportunities are like reading a good real estate book (DG). I know you were thought well, maybe you should consider writing your success stories for publication. Great job, you encourage us all.
Sandra
CBR,
Good call, Sandra!)
If you write a book, I'm first in line for a signed copy! (Well, maybe Sandra since she suggested it.
a fan,
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249