Wholesale
real estate investing (i.e. "quick-turn" or
"flipping" real estate property) is conceptually very
simple. Here's how it works:
Laptop Battery First, "Investor A" finds a great real estate deal with
a lot of equity. Typically, Investor A will have spent
a significant amount of time, money, and expertise to
find the deal, negotiate the terms, and get the property
under contract. By putting the property under contract,
Investor A now has control of the property, and the
equity in the property.
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Thinkpad (For this example, imagine that Investor A has found a
property worth $200,000 and has set a purchase price of
$115,000 and he also knows that there are $15,000 in
repairs, which leaves an equity position of $70,000).
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Microsoft Second, "Investor A" finds another party, "Investor B".
Investor B recognizes that the contract that Investor A
has established is worth $70,000 in equity, and so he
strikes a deal with Investor A to turn the deal over to
Investor B in exchange for some amount of cash, called
an "assignment fee" (we'll use the value of $12,000 in
this example).
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Laptop Computers So Investor A is giving up $70,000 in "potential" profit
in exchange for $12,000 in current profit. And Investor
B is paying $12,000 because he believes he can make more than that
on the deal, since there's a full $70,000
of equity built in.
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Laptop Computer This deal between Investor A and Investor B is called
an "Assignment", because Investor A is assigning the
contract to Investor B.
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Desktop Computer Third, Investor B does his "due diligence" (i.e. inspections,
appraisals, etc.) to confirm that the deal is as good as he/she
thinks it is.
Notebooks Finally, at closing, Investor B closes the purchase of
the property, and Investor A receives the assignment
fee from Investor B.
Lenovo This is obviously, a simplification of the process.
But this is essentially how the "quick-turn", real estate
flip deal works - not so difficult now, is it?
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Gateway About The Author:
Laptop Parts Alain Diza makes it easy to understand the mechanics of the real
estate wholesale quick-turn flip. Learn this principle and private
strategies the 'gurus' are charging thousands for. Get your free
e-course at:
http://www.tm-RealEstateInvesting.com
Software Alain Diza is an Ex-Enron survivor turned real estate investor
who, through the careful mentorship of real estate 'gurus' Bryan
Ellis, Omar Periu, and Robert Shemin, catapulted to rapid financial
success. He continually creates multiple income streams with his
unique marriage of Real Estate Investing and Internet Marketing. To
see a sample of his strategies in action, go to Alain's private
website at:
http://www.tm-RealEstateInvesting.com
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