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Updated almost 16 years ago on . Most recent reply

User Stats

127
Posts
15
Votes
Ivan Jouikov
  • Renton, WA
15
Votes |
127
Posts

NOUVEAU RICHE - one rep's take on Assignment of Contract

Ivan Jouikov
  • Renton, WA
Posted

Hi everyone! My first post here; I'll do a proper introduction later as I'm just reading right now.

About 2 weeks ago I attended NOUVEAU RICHE 2-hour free "seminar" (the one with the sales pitch). I'm still learning a lot of terminology, so I went up to the speaker and our conversation went like this:
- Are you a successful RE investor?
- Yes I have XXX properties
- Do you buy wholesales - can I assign a contract to you?
- Why would I do that? If I like the propertly I'll buy it myself instead of paying you assigner's commission.
- ...

After that I was thinking about this for a bit. While it is true that he would be able to talk to the seller and give him higher offer than me... On the other hand, that seems like a destructive way to do business. If I offered a deal to someone and they "stole" it from under me, I'd make sure that this guy never gets another deal from me or anyone else I know...

Any thoughts on this?

Is his or mine judgement clouded?

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