All Forum Posts by: Account Closed

So glad you posted this. For years I have seen postcards and ads inviting me to a Rich Dad seminar. And like someone said, they try to lead you to believe that Robert will be there, but I knew for sure he wasn't gonna be there.

Nowadays, other people are doing the same exact thing with other big names, such as Daymond John for Shark Take. I see ads about free seminars in my city and I am 90% certain it will be a pitch fest and very little value shared.

This is a great thread. A lot of people need to ask themselves this question. Many times, they will find that fear is what truly holds them back - which I am sure you have discovered.

@Kyle J.

From my understanding, if the assignment is also done outside of escrow, the assignment will not show up on the closing statement, correct?

@Kyle J.

If the person who found the deal accepted a bird dog fee instead of locking the property up with a contract and assigning it, does the bird dog fee show up on the closing settlement statement?

I have read that if you assign an option or PSA, the orginal seller will know what you made as your assignment fee. That is why many people choose to double close when the assignment fee is high. Can someone explain how the seller will find out the assignment fee if you choose not to double close and you simply assign the contract?

If you assign your contract to an investor, and the investor closes with the original seller at their asking price, how will the seller ever find out the assignment fee? Does that have to be disclosed somewhere?

Brandon

Thanks guys.

Even though the memorandum can take a while to show up on public records on a computer search, this can normally be verified by phone by simply calling the county, correct?

I am looking to buy an option in another state and immediately turn around and assign it to a local investor.

@Roy N.

Do you think it's an industry standard for an option to be non-transferable? As a seller of an option, is there a specific reason you would want it to be non-transferable?

Also, what about my first question about registering the memorandum with the county?

Thanks!

I have two questions about getting an option on a property:

1) When you buy an option on a property, how long does it normally take to register the memorandum with the county?

2) Is it possible to get an option on a property and sell/assign it to another investor on the very same day?

Thanks,

Brandon

Ok, it is time for me to get attacked now...

I feel very bad because I strive to be an honest person and have been dishonest with you all.

All of you all's suspicion was correct. My motive behind my post was to hopefully have people contact me and ask for coaching or consulting. When you guys starting questioning me I got offended because you were right.

I was stupid, unethical, and I'm sorry.

Brandon

Later