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Working on it, trying to first quit my part time job then quit my full time job. It's harding getting REI time in when I am working all the time. Luckily I can spend lots of time on sites like this while I am at my fulltime job. I also spend a lot of time doing research and chasing down leads. I am building a network of bird dogs now using ads on craigslist, hopefully they can do some of my grunt work and get me out of this JOB situation sooner. I just need one good deal to quit my part time job and a few more after that to be fully out of my full time job.

The non-refundable deposit helps you pay for the extra holding cost associatied with the time they wasted....

Definitely get signs made up, for a few hundred bucks you can get a couple hundred and they get a good response rate.

And once you have that signed contract the investors can't skirt around you and buy direct, you have it tied down for the life of that agreement.

Originally posted by "life19":

I am just starting investing and I wanted to get my feet wet, so I decided to assign properties since my credit isn't so good. I have a friend who have been investing for I think about a year. She is discouraging me from doing this because she feels like investors won't pay money to me if they can get that house themselves. Are any of you investors assigning properties , if so, how has that worked out for you?

Ignore her. There are plenty of people making money assigning. You need to find properties that are undiscovered and get them cheap enough that you can get a cut and the buyer can buy within their target range. If only you know about the property how could the investor buy direct? If you are doing your own marketing you should get plenty of leads that are "undiscovered" and can be assigned to willing investors.

Originally posted by "beekrock":

Originally posted by "charles whitaker":

Also, i'm not sure but the church probably won't allow an assignable contract since they would still own it after the sale to you.

Thanks for the reply, Charles. What do you mean that they'd still own it after they sell it to me?

I think Charles is thinking of a Sub2 or something else. You're correct in your thinking.

http://www.google.com/search?client=opera&rls=en&q=203k+loan+requirements&sourceid=opera&ie=utf-8&oe=utf-8

Originally posted by "webbywiz":

there are so many ways you could leverage that money and make tens of millions of dollars... I hope you don't even consider buying a high-rise... that would be throwing your money away...

Why would a high rise be any different than any other deal? A good deal is a good deal in my book. Each deal needs to be looked at on a solo basis and shouldn't have a blanket cast on it that deems it bad just because of the property type. All building types obviously have pluses and minuses, some work for some people while others work for other people. I don't see how buying one would be throwing money away.....

What you are referring to is called a short sale.

Here is a really short version of what that is: http://www.ehow.com/how_8132_short-sale.html

You should definitely find a good book on the subject and do more reading if you want to try that technique out.

I only saw 4 in my state (CT) so I decided to check a few down south, hundreds in each state. I guess hillbilly herion doesn't travel that far north into the blue states.