Get Into Real Estate With Contract Assignments

If you’re looking for a way to get into real estate with no risk, then contract assignment is what you need to learn. You can earn typically between $500 and $3000 dollars for each transaction you assign. This is the simplest real estate profit model because it requires no capital to execute the transaction.
What is contract assignment?
A contract assignment is when you find a willing homeowner that wishes to sell his or her home; you negotiate a sales contract with the seller, never intending to close or take possession of the property. Basically you work out a sales price with the homeowner to lock in a selling price using a binding legal contract.

When this is completed you have the right to “sell” or assign that contract to a rehabber, or another real estate investor. You will make money in the form of an assignment fee for selling the “right to purchase” the sellers home at the negotiated price.

The actual transaction involves low risk, and low complexity.

What do you need to get started?
Determination and focus. An understanding of marketing and sales helps a lot as you will be dealing face to face with homeowners, many times distressed homeowners.

You will need to establish contact with other investors who are interested in the deals you create. This is critical!

Benefits Of Contract Assignment
- You need no real estate license to do contract assignment.
- You never take title to any property.
- You’re not ever going to pay any closing costs.
- You simply arrange a selling price with a homeowner and pass that contract on to a hungry real estate investor, and you collect a fee.

Are Your Services In Demand?

Absolutely!

Realize… many experienced real estate investors who actually take possession of properties have more money than time.

You are basically doing all the legwork for the actual buyer, finding out valuable details about the property like location, loan payoff, any lien information tied to the property, title search and repair estimates.

Establish yourself as a valuable resource to real estate investors by presenting your contracts in a professional and honest manner, and you’ll differentiate yourself from the average “birddog”.

The more organized you are in your presentation the more credible you become which in turn converts your efforts into cash.

Source: Leslie Collins