First property under contract

[Terry Royce]

I just put my first property under contract this afternoon. They were asking 200k, and I offered 155k over a month ago. They did not accept on the spot. They called me today and wanted to sign the contract.

I have sent it out to the small list of investors I have, and am looking to do some other marketing.

I am not sure whether to do a double closing, or just have an assignment contract. I think I may be able to pull 20k out as an assignment fee. I really dont want a double closing to eat up 7k or so.

Im also wondering what kind of signage I should put on the property. Just a bandit sign size or a vinyl banner type sign. I was also thinking about putting an information box out..... not sure. This property is in a high dollar area with lots of rehabs.

Hopefully, it will all work out.