I recently got a great question from one of my blog reader’s – Dennis that I’ve decided to use as a training tool.

Dennis has attended several real estate investing seminars and even listened to quite a few webinars but all have completely failed to address his question head on.

His question is “What are the Mechanics of wholesaling a property?”

Dennis has been very confused about the actual mechanics of wholesaling.

As simple as it may sound, if you don’t have a clear understanding about the process-

you’ll be too afraid to make that move and you’ll never make any money at it!

Some new investors have a great deal of anxiety about the contracts/agreements that are required to wholesale a property.

Fear not, these can be easily obtained online and they are completely applicable.

If you find yourself in need of an Assignment of Contract or an Agreement to Sell- you are welcome to download 22 of my free forms here, save them and customize

them for your own use.

DON’T FORGET

When you sign the property up aka get it under contract, aka take it down, aka lock the property up (you get the idea) –

you absolutely MUST add the phrase “and or assigns” after your name on the purchase agreement to be able to

actually have the right to pass this deal on to a new buyer.

I didn’t ever want to risk the possibility of forgetting or leaving this essential phrase out so I added it to my purchase agreement to be ever-present.

I find that it raises fewer questions with the Seller as well, since it’s

already typed into the original agreement. Click Here for any of these

FREE forms and more- that might come in handy as you move toward

that next real estate deal.

• Acknowledgment of Right of Assignment
• Agreement to Amend Real Estate Purchase Contract
• Agreement to Sell Real Estate
• Assignment of Contract
• Authorization to Release Information
• Escrow Instructions
• Cancellation and Mutual Release of Real Estate Purchase Contract

So, Dennis- I’ve created this simple diagram on the Mechanics of Wholesaling to really answer your question about the step by step process to assigning a contract.

>>>Click here<<<<  for the Diagram. I hope it helps  and Thanks for that excellent question!

BTW…

If you have any questions that you need answered
in regards to real estate investing feel free
to leave a comment below.

Who knows!

Maybe your question will be the next one
that I answer

The Facts About FreedomSoft Launch Date: January 21st, 2010 Launch Time: 12:07 PM Eastern Standard Time Official Website Address: www.FreedomSoft.com What Does FreedomSoft Do? FreedomSoft is an… “All in one fully automated, pre programmed buying and selling machine that removes the human aspect of real estate investing while making investing simple and easy” FreedomSoft also includes… Instant Motivated Seller Leads and Wholesale Deals Instant Landlord & Cash Buyer Leads Pre-Written Direct Mail Campaigns, Optimized Buyer and Seller Websites And More… Get A Free Demo Tour Of FreedomSoft Below www.FreedomSoft.com and after you see the demo- you can let me know what YOU Think of it! Let’s Chat tomorrow because I have to let you know what I thought about that Wild Webinar! To your success, Karen

———————————————————————–

I have good news and bad news for you.

You tell me…  Which do you want first?

Ok, the good news -> I have discovered a brand new “Real Estate Robot” that will quite literally flip houses for you.

It will …

• – Hand deliver you motivated sellers and CASH buyers!

• – Provide a nationwide database of Bank-Owned foreclosure (REO) leads and allow you to send contracts to them with the press of a button!

• – Auto-Post your houses to 20 different websites, INCLUDING your personal social media sites.

All with one click of a button!

Click Here To See It In Action =>

• - Tell you what your subject property is worth,  and even tell you how much you should offer!
• – Tell you what the average rents are in your houses area!
• – Scratch your back for you (kidding)!
• – Auto-populate and SIGN all necessary contracts so you don’t have to!
• - Outsource your short sale leads for you!
• - Hand you $500 for loan modification leads!
• - Lend you $500,000 cash for houses if you need it.  You have to pay him back though.  Or he’ll send Vinny!

You Had Me At Hello -> Click Here! =>

• - Educate you on Web 2.0, social media, wholesaling in general, and a jillion other things. (you will never buy another home study course again)!

• – Motivate you with weekly Life Coaching Modules, the likes of which I have never seen  before.  And I thought I knew it all!

• - Jump right out of your computer screen via hologram and hold you when you’re sad! Actually this function isn’t available version 5.0. Stand by.
• - About 100 other things that I don’t have time to write out!

Wanna see it?   You can.  Right now.  Click this below  link to be one of the first to see it in action …

>> Check It Out >>


“So what is the bad news?” you ask. … Get On In

The bad news is that only a select few will end up getting this bad boy when it launches on January 21.

Fortunately I’m in because I am good friends with the inventors.  I’ll be praying you make it in as well.

Talk soon.

– Karen

p.s.  Did I mention that this system replaces all  your other services like comps, email, virtual  assistants, employees, etc?  True Story.  Life is  about to get a heck of a lot simpler for you.

p.p.s.  You’re also going to get $4,350 worth of free real estate investing coaching and training just for  watching this short video.

View the Video Here

Support network

Hi to all my students out there in the area and other investors that wish to support each other by either communicating via the TMN Blog or privately in email…please stand up!!

Let’s help each other out by Masterminding Here

- Please post back to Sandy…

Thanks,

Karen

———————————————————————————

I would like to network with other students in Sonoma Co. CA. We can pool our resources and give support. Please email me stsandy@comcast.net

Sandy

————————————————

Hey Sandy,

Do you have specific questions that you’d like to ask of other investors, specifically? If so, please post them here so that you can begin to get a direct response.

Thanks,

Karen