Do you want to know how I have managed to get around not being able to assign a contract ? I have purchased properties in the name of an LLC set up exclusively to buy properties . I then sold the LLC to someone , making them the owner of the LLC , therefore making them responsible for closing on the purchase
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funding . Setting up and maintaining an LLC will cost you money . Though the intent of a buyer might be to close on the transaction , sometimes “ life happens ” and something causes the buyer to be unable to follow through . You may have to walk away from earnest money , if you cannot find another buyer quickly
Now that you have learned strategies to consider , you will need to consider the type of properties you want to go after , developing a marketing strategy to find motivated sellers of those deals .
Please leave a comment if you have anything you would like add to what I have written here with the heart to support fellow real estate investors . I appreciate the feedback !
contract and end buyer of the property .
10 . Flipping – Wikipedia defines Flipping as is a term used primarily in the United States to describe the practice of buying an asset and quickly reselling ( or “ flipping ”) it for profit ...
This description pretty much explains property flipping , with there being a slight difference from that description of flipping assets . In real estate , you can get into an agreement to flip a contract you have gotten into before you even buy it . This can be done with ease when you know exactly what your buyers want and with no money out of your pocket utilizing transactional funding . Flipping can also mean closing and quickly reselling your property , sometimes even doing both transactions the same day – this being subcategorized a “ double closing ”.
• Advantages : My favorite strategy . You work the deal backwards . You create relationships with buyers who can close quickly with cash . Then you find a property meeting the needs of your buyers . This strategy allows you to profit literally from no money down , with lower risk and very little of your own time .
• Disadvantages : The law requires you to disclose your intent to resell quickly to sellers . When dealing with banks , this can sometimes cause your offer to be rejected . You must buy properties in the name of an LLC in order to utilize transactional
MEET TAMERA ARAGON
Tamera Aragon founded and ran her own small businesses since her teenage years . Then , at the age of 20 , she founded her first multimillion dollar company . Since then she has grown many , many successful businesses , both online and off . With the smarts to invest her money , she jumped into real estate investing . Since that time , Tamera Aragon has profited investing in hundreds of properties to date , establishing her as an expert in the real estate investing field .
Today Tamera finds her true passion lies in teaching others the steps to profitable real estate investing . This is why she continues as an online entrepreneur and event trainer , providing tools and tips for her stepbystep methods to finding profits in any type of real estate market .
Tamera ’ s experience has earned her a solid reputation in the industry , as well as the respect and friendship of many top national real estate investment experts . To gain a great education for how to do real estate investing , please enjoy the hundreds of articles and gain access to her many tools for real estate investing at :
www . tameraaragon . com
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