All About ddowd


Topics I've Participated In

How to Attract Investors to Assign to Your Deals Madison4097 years 14 weeks ago
Ask Dean's Coaches a Question nstreet3747 years 39 weeks ago
THREAD-O-QUOTES! AngelaK2718 years 3 weeks ago
MiKessler Daily Investing Journal mikessler1948 years 47 weeks ago
Using Realtors to your advantage Rina379 years 25 weeks ago

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I have located an incredible REO. It just went on market. I know for a fact that this place will sell fast. It sits on 4.5 acres in an affluent community in N.Y. The houses around are selling for 1.5 to 3.5 mil. This place is listed for 799,999. I really don't have any $ (about $50k) in a line of credit, but thats it. This house is an obvious tear down, unlivable.
How would I proceed? I have possible $ guys, but they only give me 1-2% for finders fees. I want to do this one myself. Is there any chance of making this happen?

Hey Brian...

Elena M's picture

Lock up the deal yourself and then assign it. You can make the fee YOU choose (ie. $200,000up) for passing it on to an investor. Many contracts can be locked up with as little as $10-$100. Why should you only make 1% when you can make much more if you have control of the contract? That's the key to making more cashola! Eye-wink
Let me know what happens.
Good luck and God bless,