Wholesaling Equals Fast Cash!

Wholesaling Focus Team


  • Bored with buy & hold real estate?
  • Don’t have much money, but you aren’t afraid of hard work?
  • Need to make money fast?

Wholesaling/Assignments might just be your answer!

This creative real estate strategy is really, magic!

Why? Because you can turn nothing into fast cash!

How do I know this?

We recently surveyed our students asking “How much was the assignment fee on your FIRST wholesale deal?”  We got 22 responses.  We took out 3 responses where the wholesale fee was much higher than normal.

So, for 19 students, the average wholesale fee was a very respectable $8,394.

If you’re curious at all about Wholesaling, please join us for our Wholesaling Focus Workshop

Contracts of Assignment and How They Make You Money in Real Estate – Fast!

In a nutshell, you make cash with an Assignment by tying up a property that is for sale and then collecting a fee from someone else who wants to be able to buy it.

  • First, you need to write a real estate purchase contract, and the seller needs to accept your offer. At this point, no one else can buy the property.
  • Second, you find a third party who wants to buy the proeprty, and they pay you a fee for contractual rights to purchase the piece of real estate.

When you assign your interest in the purchase contract, you usually get paid right away. That’s right, folks; you don’t even have to wait for the deal to close before you get your money.  Talk about rapid cash!

Of course, there’s always risk involved with investing. There is no contract between the seller and your assignee. If the assignee fails to close, you would still be responsible for the purchase, but you can protect yourself with a Plan B.

When To Use Assignments

If you understand the strategy, you will recognize the opportunity.  Wholesaling can be used in a variety of ways, whether as a supplementary strategy or as a primary way of investing in real estate.

Hot Markets: In a hot real estate market, the value of a property can go up quite quickly. By negotiating a long closing time with the seller, you can ride the rising tide. You assign your interest and make money on the difference between the price in the purchase contract and the new, higher value of the property.

Undervalued Properties: “Ugly” real estate tends to sell for less than what it is worth. If you can tie up a property that would be worth more after some renovations, then someone might buy your interest based on the after repaired value (ARV). The gap between the purchase contract price and the ARV is where you make money.

Joint Ventures: Some real estate investors have money but don’t have the time, energy, resources, etc. to find the right properties. In a Joint Venture, the Finder Partner seeks out and ties up suitable properties. The Money Partner then buys all or part of the Finder’s interest in the property.

Too Many Deals: A robust marketing funnel is an important part of most real estate investing strategies. If your funnel is bringing you more good investment properties than you can buy, you can still assign your interest in the purchase contracts to help build funds for your other strategies.

No Financing: Some folks want to invest in real estate, but they can’t qualify for funding. Maybe they already own a few properties with mortgages, or maybe they have bad credit.  If that’s you, you can continue your real estate career using the Wholesaling strategy.

So, what’s not to like?

The Wholesaling strategy has a lot of positive elements:

  • simple (though not always easy)
  • low cost
  • repeatable
  • empowering! Being a problem solver and creating win/win situations
  • magic! Because you turn nothing into fast cash! (By the way, those other 3 student deals had assignment fees of $40,000, $70,000 and $80,000)

There is no reason you can’t be a successful wholesaler.  But you need education, a plan, and a commitment to consistent hard work.