The assignment contract is a valuable document used in many businesses and in the world of real estate investing is essential for wholesaling houses to allow wholesale deals to happen with no cash or credit for the wholesaler.
http://FlipMan.net - How To Fill Out Assignment Contracts to Wholesale Houses Step by Step
I hope things are going well, I wanted to share with you my latest video on How To Fill Out An Assignment of Contract? Some title companies and closing attorney's require this document on every transaction and some don't but you will need to know how to fill out this agreement when needed. Please take advantage of this information at the link below.
1) Study “Why Most Beginners Will NEVER Make Money in Real Estate Investing” Video
I got the idea to put this resource together because I was teaching the exact same base of knowledge to all of our students when they first joined our program . . . and I started seeing patterns . . . patterns of where people were having trouble, what was holding them back, and what they needed to be successful.
Even if you’ve been investing for awhile, this video is well worth the hour you need to set aside to watch it.
Get access to the video Now!
2) Make Your Plan
Watching the video above will help you make your plans. You need to put together your educational plan, your marketing plan, and your real estate investing plan. Make sure that you include a deadline for every goal that you include in your plan. Deadlines get things done!
The 3 most important goals for wholesaling success are . . . when does your marketing plan kick off, when will you contract your first deal, and when will you close your first deal. Once you have these written down, break each down into actionable steps . . . that’s what it means to “make your plan.”
3) Build Your Buyer’s List
You want to have a wholesale buyer(s) who is ready, willing, and able to close as soon as you have a great deal contracted. And, it’s a lot easier than you may think.
There are tons of investors out there in every market that are constantly on the lookout for deals. Here’s an article that will help you out, How to Build Your Wholesale Buyer’s List.
Every time you speak with a potential wholesale buyer, you want to gather as much information as you can about what type of properties they are interested in, what price range, area, etc. Use our free form for building your wholesale buyer’s list to do so.
Remember, it’s not all about the size of your list . . . it’s about the quality of it. A few active serious real estate investors could be all that you need to sell your contracts fast for cash. But, it doesn’t hurt to continue to grow your list. The bigger and more responsive your list, the more money you’ll be able to fetch per deal.
4) Implement Marketing Plan
The overriding question in your mind at this stage should be, “How can get my phone ringing off the hook with seller leads?” That’s how to get on the fast track to wholesaling success!
A marketing plan consists of several leads generators that you consistently have in place and track the results of each. Marketing is all about testing! My first marketing plan included a “We Buy Houses” ad, bandit signs, and knocking on doors of people in foreclosure. As leads came in, we did more of what worked, and less of what didn’t, and continually tried new strategies to get the phone ringing off the hook.
Wanna know how to maximize the return on your marketing efforts? (it’s simple really . . . something I learned from my mentor when I first got started)
And how about a way to get free seller leads? Download the free professional “We Buy Houses” Craigslist ad Now!
5) Qualify Seller Leads
The same lead could come in to 2 different real estate investors . . . one of them dismisses the lead and the other asks good questions, qualifies the lead effectively, and makes several thousand dollars wholesaling it.
Learn how to effectively qualify a seller lead. And keep in mind, it’s not about you and your house buying services . . . it’s about asking good questions and crafting a deal that makes sense for everyone involved.
6) Negotiate Deal
One of the most costly mistakes you can make is thinking for other people. Typically with investors, more money is lost here than any other part of the deal. Make your offers based on your own criteria . . . not what you think other people will accept.
Defining the expectations of sellers is an important process that will save you tons of time and money. You want sellers to know that you’re in business to make a profit, you work with a professional company, you’re not the decision maker, you can close quickly with cash, amongst other things.
https://youtu.be/Yj6Buiijlaw #wholesalinghouses #flippinghouses