All Forum Posts by: Jason Hanson

When assigning I would never put down more than $10.00. All of my contracts already have $10.00 inserted in them.

You will be reimbursed for your 10.00 at closing and I would always have your buyer put down a $2,000 deposit.

Aika,

Welcome to the site. What specific finance questions do you have?

Jim,

Go to the local REIA section on this site and you could send your leads there.

Chris,

This is bird dogging 101 and risk free for you. I'm in the DC area and have had plenty of bird dogs do this for me.

As soon as you can though, I would move to wholesaling, because there isn't too much difference and that's where you will start making real money.

Doug,

Congrats for getting out there and taking action...I'm glad to hear that you have cash flow and things are going well.

Scott,

Welcome to the site. Congrats for getting your first deal under contract.....wholesaling is an awesome and risk-free way to start out.

Don,

Welcome to the site. It seems like you have a ton of experience and will be able to give a lot of insight on the forums.

You simply have the seller sign an option agreement. Try to get as much time as possible...so if you have a 45 day option for $100,000 and you find someone to buy the property for $110,000 you make the $10,000 (obviously it's more detailed than this, but you get the basics).

Mark, you should have some type of property information form (usually 20 questions or so you will ask the seller).

This includes repairs needed, mortgage balance, etc....pretty much anything you will need to know about the property.

I would check out the rental property forum for more info.

Jimmy,

You don't want to deal with properties that are listed with a Realtor.

In this business you will make a lot more money if you deal directly with the homeowner.