wholesaling: The art of wholesaling - Part 3 - 05/04/08 02:57 AM
In this article, I will go over the actual structuring of wholesaling a property to another investor.  There are basically 2 different ways to structure this type of transaction.  One way is to assign the contract to the buyer, and the other way is to do a double closing a/k/a a simultaneous closing. How I structure this for the most-part depends on the amount of my profit. 
If my assignment fee is more than $10,000, I like to do a double closing.  The main reason for this is because the other parties often get greedy.  If the seller sees an assignment … (5 comments)

wholesaling: The art of wholesaling - Part 2 - 04/20/08 06:00 AM
Wholesaling is alive and well in Central Florida.  We just closed a deal last week for a 4 bed/2 bath block house in a working class neighborhood.  It had a few last minute glitches, but it did close.  Purchase price was $72,000 and the wholesale price to the investor was $81,000.  That left $9,000 as an assignment fee.  If you do the math, 9K/72K = 12.5%.  If an average commission is around 6%, you can clearly see that the fee earned was over double on this deal.  If all I did was list this property, I would have probably earned less than half of what I ended up earning from wholesaling it.
(10 comments)

wholesaling: The art of wholesaling - or how to make far more than a 6% commission on a transaction - Part 1 - 04/12/08 04:50 AM
Whether you have a real estate license or not, you can profit big from wholesaling property.  Wholesaling in its simplest definition (at least my definition of it) is buying something at a cheap price and then marking it up slightly and re-selling it at a cheap price.  Other terminology for this transaction is contract assignment, property flipping, and buy low sell low.
       
This can be accomplished in a number of different ways.  The preferred and simplest method is to put a property under contract and then assign the contract to another person and get paid an "assignment fee" at closing … (7 comments)

 
Rob Arnold, Metro Orlando Full Service - Investor Friendly & F (Sand Dollar Realty Group, Inc.) Rainmaker large

Rob Arnold

Metro Orlando Full Service - Investor Friendly & F

Altamonte Springs, FL

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Sand Dollar Realty Group, Inc.

Address: Apopka, FL, Longwood, FL, Winter Springs, FL, Casselberry, FL, Orlando, FL, Deltona, FL, Debary, FL, , Altamonte Springs, FL, 32714

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***Sign up for our email hot property list & newsletter*** We Buy Houses Florida.com (TM) We Buy Sinkhole .com I Buy Houses Orlando .com My thoughts on the real estate industry, real estate investing, rental properties, mortgages, listing houses in the MLS, government and legislative issues affecting real estate brokers and investors. Serving metro Orlando & most of Florida. Rob Arnold - ABR, CPL, CRB, GRI, PHP - Managing real estate broker, Notary Public Disclaimer: This blog is for educational, entertainment, and yes blatant advertising purposes. Read it at your own risk and enjoyment :-) It is not meant to be construed as legal or financial advice. These are my personal views and opinions only. Regarding any properties advertised on this blog site - all information is deemed reliable but is not warranted nor guaranteed - price, terms, and availability are subject to change without notice. Copyright © 2007-2013. Sand Dollar Realty Group, Inc. All rights reserved.


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