Earn an extra $1,000 to $4,000 a month!

Would you like to make $1,000 to $4,000 a month? If your answer is "No" than don't read this post. If your answer is "yes" than read on because I am gonna explain how you can make this happen in today's real estate market.

There has never been a better time than now to profit from real estate. With foreclosures, preforeclosures, short sales and REO properties there is a flood of opportunity to buy houses at a huge discount. There is no doubt that there are more discounted properties than there are buyers for these properties. But the key to remember is "There are Buyers" . There are Investors, End Buyers and Corporations that are ready, willing and able to buy these properties and there are huge profits to be made in putting the two together.

Whether you want to find properties for Investors (Bird dogging), assign properties to end buyers (Wholesaling) or Invest yourself there has never been a larger window of opportunity.

There are many real estate investors that will pay up to $1,000 per lead. You get paid if you present them with a property lead and they purchase the property. You only get paid if the property is purchased by them or one of their partners so make sure you make your property lead stand out. Do your research and don't just give them an address. Find out as much as you can about the property. Remember there are allot of people giving them leads. The more information you give them the faster your lead moves to the top of the list.

To find Investors that pay for these leads call various leads in your local newspaper and check online for ads that say "I buy houses", "Cash for Houses" etc.... Then call them up and ask if they pay a finders fee if you find them a property.

Written by Carol Stinson. All rights reserved.


Check Out Related Blog Posts
Where To Find The Best Properties To Wholesale
Build Your Buyer's List And Find Motivated Sellers In The Rental Market

Assigning a property to another buyer

Assigning A Contract

One way to get out of a contract is what's called assignment, which
is finding someone else to take over your obligations. Because contract
rights are considered property, they can be transferred to others just
like a piece of property such as a home or car.

Let's say you have a contract to purchase a number of items each month from a dealer, at a certain price. The contract runs for a year. You then decided the product is no longer working out for you, and you'd rather not buy any more. As long as your contract allows it, and it is
legal to assign the contract , you can just find someone else who wants to buy the same number of items each month and "assign" your rights and obligations under the contract to him.

Most contracts permit an assignment as long as the other party to the contract approves the assignment. And many contracts require the other party to approve of an assignment as long as the assignment is "reasonable," meaning that the assignment won't jeopardize the security
of the other party or increase the other party's risks."

So in conclusion, what I have shared with you is that once you have a property locked up, all rights of the contract is considered "property" and therefore under your control. Therefore you reserve the right to do what you want with it. Assigning your right to purchase the property
once it is locked up is your right. (lawyers.com)

“When we have the right to buy (purchase & sale agreement from the seller to us), we have the right to sell” Attorney William Bronchick – real estate lawyer and also investor. Make sure you put an option to assign on your contract. Options can be sold or exercised.

When you sign a purchase agreement with a seller simply put and/or assign next to your name. This will enable you to assign the contract to another buyer.

Written by Carol Stinson. All rights reserved.