Flipping Real Estate For Dummies
Quick Flip in Real Estate
Assigning Contract Before Closing
Flipping Real estate for dummies sound bit arrogant but This is the term used for newbie's too. You might have seen shows on television explaining, how Flipping Real Estate For Dummies. Majority of the shows show you how you can purchase run down property, fix it and sell it to make profit; But that’s not true. Majority of the time, the cost of renovations, time, carrying cost and overall investment could lead you to a huge loss and you may end up with a house that nobody wants to purchase.
For a professional real estate investor or Flipping Real Estate For Dummies there is a simple and much better way of making huge profits in real estate with zero money and no liability. This is done in form of buying a piece of property, putting it under contact and assigning that contract for a fee from $5,000.00 to $10,000.00 and earning a quick profit from it. But there is a lot to know before you do that. Since real estate transactions involve contracts; contracts have clauses. Those clauses shall be spelled out the liability aspect of the deal. The back door exit strategy will also be spelled out in case you do not want to follow through the contract, or you’re unable to find somebody to take over the property.
Majority of the realtors do not have the proper assignment clause which can protect a real estate investor flipper . The clause can be a double edge sword , which can backfire on you if you decide not to proceed or the end buyer decided to default. When you buy a brand new house or condo, where the builder allows you to assign the contract on before closing, be caution because the builder wants to be accountable, liable and responsible for the contract in case of default.
Flipping Real Estate For Dummies standard forms
There is no standard clause in majority of real estate investor’s software about how they design it. This would protect a professional real estate investor flipper from his liability, as well as a back-door exit strategy without any liability or further consequences. That’s why every real estate investor must have proper education and mentoring before entering to flip houses for quick profit.
Flipping Real Estate For Dummies is quite simple to learn at Canadian Real Estate investment seminar Training apprenticeship
World Wealth Builders offers many unique, practical, out of the box real estate investor apprenticeship which offers the student hands on, in the trenches style instruction to facilitate both a different mindset as well as a successful and lucrative real estate investment business. You can attend Real Estate Millionaire Apprenticeship. To find out more, please go to www.WorldWealthBuilders.com/live.html
The above information is provided as a guideline and is not intended to give a professional legal advice. Please consult a real estate lawyer for their opinion on your particular case
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