Udemy
    •  
    •  
    •  
    •  
    •  
    •  
    •  
    •  
Turn what you know into an opportunity and reach millions around the world.
Learn More
Your cart is empty.
Keep shopping
The Wholesaler's Assignment of Contract
Rating: 4.9 out of 5(7 ratings)
34 students

The Wholesaler's Assignment of Contract

Learn to Assign properties to investors and become a wholesaler
Created byLance LaGrange
Last updated 5/2019
English

What you'll learn

  • Assign a Contract to an Investor
  • Find interested real estate investors
  • Put a contract on distressed properties
  • Make money in real estate without rehabbing properties

Course content

1 section6 lectures33m total length
  • Introduction3:22

    Explanation of how an Assignment of Contract works.

  • What Parties are Involved?5:33

    Which parties are involved and some tips on how to do the business.

  • Earnest Money Deposit8:34

    Should you collect an Earnest Money Deposit from the Investor? What is it used for?

  • Double Closing Option6:54

    What is a Double Closing and how does it work?

  • BONUS - What happens if the seller backs out?3:33

    How to protect your interest and make sure you get paid, even if a seller wants out.

  • BONUS - What happens if there are title problems?5:19

    Can you still make the deal to work? Can I just turn it over to the title company and walk away?

Requirements

  • You should have a sample purchase agreement to reference
  • A passion for real estate investing and learning

Description

One of the biggest concerns of people wanting to become a wholesaler is "where do i get the contract?" This course will provide the contract that you can use in all 50 states and will give you the instructions on how to use it. The Assignment of Contract is what wholesalers use to make money in real estate. Learn all the components of the contract and when to use it. Also get 2 bonuses, including using the Double Closing as another tool to make more money.

The goal in real estate wholesaling is to sell the home to an interested party before the contract with the original homeowner closes. This means no money exchanges hands between the wholesaler and the seller, not at least until a buyer is found by the wholesaler. So how does the wholesaler make money? He makes a profit by finding a buyer willing to purchase the home at price higher than the amount agreed upon by the buyer. The difference in price—paid for by the buyer—is the profit, retained by the wholesaler.

Wholesaling real estate is best suited for people who want to get into the business, but don't have the finances. One of the best things is that you don't need to take a course, pass an exam, or get a real estate license to become a wholesaler. If you have great people skills and are fairly patient, wholesaling may be right for you.

Who this course is for:

  • Wholesaler's that need an Assignment of Contract
  • Wholesaler's that want to understand how an Assignment of Contract works.
  • People looking to get inyo real estate investing.