An assignment is part of the wholesaling strategy.You get a property under contract below market value, let's say property ARV= 400K.You get it under contract for $150KKYou ASSIGN that contract to a cash buyer for $250K.Your assignment fee would be (roughly) $100KThe assignment is part of the wholesaling strategy.1.

Hey,So after exploring all the different options I have decided that my best best is to develop a multi-family in these areas.

You get to enjoy the FHA loan.

hey @David O'SullivanWelcome to the BP family.

The second you start overspending to improve, you open a can of worms.

Due to a significant spike in demand, housing prices have skyrocketed, making it nearly impossible in some areas of the city to find solid returns as a real estate investor.

Hi Jessica, welcome to the community!

They'll probably want to order an appraisal.2) Why haven't you saved anything up in the last 4 years for more investing?

Hi Jonathan,There are options out there where the lender is willing to work along with GAP funders to close, the main issue is that the GAP funders will have very high rates.

My goal is to learn from experienced members, exchange insights, and build connections with like-minded individuals who are passionate about growing in the real estate market.