OfflineI've read Be A Real Estate Millionaire, and it has inspired me to invest in real estate in the future. I'm only 20 years old, and I'm still in college, so I was planning on getting into the business after I finished school. But, the idea of assigning contracts seems like it could work for me right now.
I've been reading about re-assignments for a little while, and I get the basic idea of what I need to do. However, I need some help figuring out the best way to find discounted homes. I've been trying to find pre-foreclosures in my area, but I haven't been able to find any notices of default or anything like that in the public records. And even if I did find a home at a cheap price, why would someone sign off on a contract when I have no intention of buying the house?
Thanks.
They'll sign off on the contract because you're offering a way to sell their home quickly. That's how you're helping them. Instead of sitting on the market for 90 days, you'll already have a buyer that can close in 30 days!
You can get NOD (notice of default) from any realtor. There's so many of them roght now, most realtors are happy to flood your email with them!
Good Luck,
Jan
Good job on taking action. I'm only 18 and I am closing on a home within the next 2 weeks thanks to Dean. Anyone can do this. Check craigslist, reltor.com, the local paper, check everything, there are great deals out there, they don't just have to be foreclosures. When someone is selling a home, they want to get rid of it. When you have a contract it means you are intending to pass it off to an end buyer, this works out for the seller because their home is being sold, you because you'd make a finders fee for the end buyer, and the end buyer because he/she would be getting the property they want. You just need to put clauses in your contract to protect yourself, always have and/or assigns in it, that way if you can't find and end buyer to pass it off to, you will not be responsible for anything. Good luck and keep us posted on your future deals.
Jeremy
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen
Hi Mcamp,
The great thing about being young is that you don't have the fear of trying! If you notice Dean started at a very young age and look at what he has accomplished then and NOW! Assigning is the easiest way to get started you want to focus on getting your buyers list of people first. Some of the reason a home owner would want to assign it with you could be they are getting a divorce or they have had the property with several realtor's or tried selling it on their own or they want to relocate to another area quickly and so forth. Dean has a foreclosure site called foreclosurealert.com. This gives you the latest up to date info for any area! If you want to really get off to a quick start you can join his Success Academy that he offers. Stay on the site and continue to read the book. Soon you will be a real estate success like Dean. Continued success to you........Lubertha
"GOD IS STILL IN CHARGE, HE IS THE AIR WE BREATHE"
Thanks for all the advice so far. I'll get started making my buyer's list right away.
Welcome to the DG family. I am sure you will find a lot of great information on the website. Congratulations for reading Dean's book. It is packed with great information. Good luck with your real estate investing. Believe and Achieve!
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my credit is poor, and i don't have money. what do i do first? the iee strategy or the assignmrt?
First of all I do believe in education and glad that you are going to finish college and also work the REI on the side. I wish you the best !!
Warm regards,
Paul T. La Moy
MCamp I am in the same boat as you are currently in. I'm a year younger, but still the same "obstacles". I recently read both of Dean's book and listened to his recent conference call. One of the biggest things I learned from these two things is that first and foremost you need to create a buyers list before you begin looking for houses. That way when you do find a good deal you can assure the seller that you can find a buyer and close quickly. If you'd be interested, since we are in the same boat maybe we could give each other updates on new things we learn as we go.
Success and Nothing Less!
Well, I just posted a few ads on craigslist last night, and I'm currently waiting for responses so I can build my buyer's list. Thanks everyone.
I am in my 30's and have been studying realestate for years and have never given it a serious go. I am glad you did not allow your age to hold you back.
I am now committed to success.
To all the new members to the site, congrats on your first step. You are never too young or too old to make great investments. We live in a country that affords us the opportunity to acquire success and investments in diverse areas. It is up to us to act on what we believe is the best venture for us.
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.
Hi Ervin,
Welcome on board! Assignments are probally the easiest way to get started according to the book and many posts. Did you get the chance to check out the conference call 6/18. Great advice on what to do first. Much success...........Lubertha
"GOD IS STILL IN CHARGE, HE IS THE AIR WE BREATHE"