Whether you’re brand new to real estate investing or have done over a hundred deals, you’ve surely heard of wholesaling houses. You know – that strategy where you get a house under contract for a really cheap price for all cash, then turn around and sell it for a nice, easy & fast profit? Yeah, that one.
So if you’re intending to make money by wholesaling properties (which you should), then you’re going to need to be very familiar with the two exact ways you’re going to make that happen:
In order to get paid & make that quick cash, you’re either going to
-Assign your contract or
-Do a double close.
But what’s the difference? And when do we use each one? What’s the best strategy for your wholesaling real estate business? Have you ever wondered about those things?
Good news! I have you covered.
In this training article, we’re going to dive deep into these things. We’ll dissect what each strategy is and cover the benefits and negatives of each, and give you a better understanding of everything.
So by the time you’re done reading this, you’ll not only understand the key differences between an assignment of contract and a double close, you’ll also be very confident about which one to use and when. And why. And how!
Are you ready? Here we go…
Today, we’re discussing the thrilling rollercoaster ride of real estate investing—a journey that follows a five-stage emotional journey we all take, whether we know it or not. As a matter of fact, you’re at one of these five stages right now!
The main reason why you need to read & digest this information is so you can understand specifically where you are in your journey, then compare that to the big picture of the five stages, so that you know what’s coming up and can be better prepared for it, in order to get to where you want to go – the fifth stage of this journey!
Listen, it doesn’t matter if you’re focusing on the big checks from all cash wholesale and rehab deals, or looking to solidify your asset portfolio of real estate by acquiring more deals on terms, it’s vital to prepare yourself for the twists and turns you’ll encounter along the way. We’re about to discover the emotional phases that everyone—yes, everyone, even YOU—goes through in this crazy adventure of real estate investing.
But take heart, because here’s the key: Once you KNOW the various challenges you’ll encounter along the way, you’ll be that much more prepared for them, right? So put on your reading glasses and grab your armor, because here we GO…
There’s a powerful question we’ve all heard: “If someone held a GUN to your head and demanded that you answer a specific question, how would you react?”
Well, in today’s Magnificent Motivational Monday, you’re about to find out how a man named Raymond K. Hessel reacted to this exact situation when Brad Pitt’s character held a gun to his head and demanded he answered a very powerful question about his life.
This of course is from a great scene from one of my favorites movies, “Fight Club.”
In this special post, we’re going to look at something that’s often overlooked by so many real estate investors, from new to veteran. This “something” can quickly introduce you to a whole new world that you may have not even considered. So stick with me for a few short but valuable minutes as we go through this together, shall we? Let me start by doing something I love to do – ask you a couple quick questions…
Are you tired of struggling to find a good source of motivated seller (or buyer) leads? Feeling like you’re stranded on a deserted island, without anyone around who understands what you do? Are you frustrated because you don’t know anyone in your local area who has had or is having success at this real estate business?
Well, I have some great news for you today…
Driving For Dollars, part 4: Automation & Outsourcing. Plus the thrilling conclusion!