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I Assigned My Contract to a Rehabber for a Quick Flip

by Jermil (IL)   

After a three-month mentoring program with an experienced investor and asking many questions, I have gotten enough courage to find the following deal:

I found a home needing to be rehabbed. The seller was asking $120,000. The repairs needed were approximately $4,000 I offered $85,000, and the seller countered with $90,000. We signed a contract, and I found an investor to whom I assigned the contract for a $5,000 assignment fee.

This is my first deal, and I want to thank CRE Online for having the real estate chat room on your site, so I could pick the minds of the more experienced investors. I also want to give a BIG thank you to my mentor for words of encouragement when at times I was discouraged during the twelve weeks.

I would suggest to the beginners who are reading my success story to go join the Creative Real Estate Online chat room. You will be able to get a lot of good information to apply toward your real estate investing career.

 
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