College View RE Trends: Assigments

By
Real Estate Agent with Your Castle Real Estate

Investing in Real Estate 2 - Assignments

This blog will discuss a type of real estate investment, assignments, in the College View area in Denver.

 

What this investment is:  An investor who is interested in Assignments gets a property under contract for an attractive price then assigns the contract to another buyer, usually another investor.  The first investor will be paid a fee for the work.  If you don't have much equity to work with, and/or if your credit power is limited, assignments can be a way to get started in real estate investing.  You will need to have a strong "sales" personality to succeed at it, though. 

 

Equity needed:  None, just earnest money.

 

Importance of credit:  Not important, since you are not purchasing the property yourself.

 

Importance of experience with contractors:  Not important.  The person that you ‘flip' the property to will be doing the work.

 

Important of experience with property managers:  Not important.  The person purchasing the property from you will be managing the tenants.

 

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