Assignment of Contract

How do we start? 2 things - Networking and Assigning. Find a good deal. I call it 40-20-40. Forty percent cost, twenty percent in repairs, forty percent profit margin. When you find this deal or better, you can do a flex option contract that will give you permission to sell the deal to another investor while the seller can still sell it to whomever they want, including you. This way you are not tying up the property and are most likely to get the contract. Next, via your networking, find someone that will buy the deal from you via assignment of contract. Once you have the investor interested, sign the Purchase and Sales Agreement and charge the investor an assignment fee. That's it! The investor can buy the property and proceed with his investment strategies and you were able to make 2 to 10% of the sale price just for finding the deal. Let me tell you though, there are much better deals out there than the 40-20-40 I stated above. But if you find one like it or better, let me know and I will I get it assigned for you and we can split the assignment fee. But the number one way to get your business going is to network. Make contact with people, tell them about your business, and most of all, be true, be real, be honest with max integrity and you will find that there are a lot of good people in this industry. Good people will find good people. Keep the BUTT HEADS out! (As Colin would likely say...) Great site! Keep up the great work, Colin!

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