If your friend is a super responsible person I’d be troubled by this.

Personally I like Facebook marketplace but I get about 85% flakes who either just aren’t qualified or end up no-showing to the showings.

This is based on my personal experience.

This particular strategy was personally told to me by Jimmy while we were driving from Phoenix to Las Vegas in the early 1980s to attend a real estate exchangers conference and exchange session.   

I personally like to use attraction or content marketing; better use of my time, less rejection (which takes a psychological toll on you) and higher quality leads.

But he has a fulltime office person ($??

You would get the rest of your assignment fee at closing.4. take assign contract and deposit to title company so new buyer and your fee will be on HUD1.5. wait for closing to get your money.That is how I do it.Hope this has given you some clarity.I know this post is years old...but when you get the $1000 deposit from the buyer, do you have them give you a check or something personally or do you meet at the title company and have that $1000 deposit held with the title company?

I know a really good guy personally who built up his company from frostburg

For background this is my first investment and I own the property personally not with an LLC or anything of that nature. 

I personally would put down 20 percent and keep the rest of my cash, even if it meant I wasn't "making money" in the beginning.