Grand Rapids Michigan Wholesale Flipping and Assignments

[Randy Charboneau]

Are you an investor or flipper in the Grand Rapids area? Have you secured a foreclosure or REO flip and are ready for the dirty work of renovation but struggling with funds, or sub contractors, or a variety of issues? You might want to consider a "wholesale flip". What you have is control of is an asset and your goal is convert that asset into profit. Typically on a flip, you make repairs and sell at retail for profit, but there are many HALF costs you will incur (Holding, Acquisition, Liquidation, Fix-up). These can be risky and sometimes there are hidden problems you don't discover until you start tearing things apart. On a "wholesale flip", you simply sell your asset 'as is' to another contractor and let them take care of all of that. You make your $$ quicker and have less risk. Now, because of the reduction in risk you also will incur a reduction in "potential" profit. You have to make the resale price attractive enough to a flipper to get them to buy the asset from you, but its quick easy money.

Another option is to get a property under contract and then simply 'ASSIGN' the contract to another party for a fee.   In this scenario, you don't even have to close or come up with any initial funds.  You simply negotiate your deal with the seller and include the appropriate language and then find another party that loves the deal and will pay you to take over the contract and terms.  Very easy money.

If you are interested in either option, please contact me and I can walk you through the steps.  Also, if you have a property in control I can hook you up with buyers of wholesale properties and assignments.

[Jacqueline Coombs]

I just closed on a buy and hold rehab (BRRRR) deal last week here in GR as a result of direct mail. I am going to be sending out more mail and getting more properties under contract. My capital is all tied-up now so the next few I get I plan on wholesaling. I will let you know when I come across the next deal!