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Hank Magnus
  • Wholesaler
  • Mound, MN
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Anyone ever have trouble assigning a deal for more than $10K?

Hank Magnus
  • Wholesaler
  • Mound, MN
Posted Jul 29 2015, 08:24

In my experience it is difficult to get someone to pay more than $10,000 for a contract assignment. Buyers get caught up on how much I am making and lose sight of the main goal, their profit. Obviously it shouldn't matter what I am buying the deal for, only if they can make their margin once the deal is sold.

Double closing is a good solution. However, I would say the majority of the time I use an intermediary. I have someone with a real estate license try to sell the home before I close on it. This way there is some distance between myself and the investor which helps keep some of the emotion out of the investor's decision.

Are there any other tips out there?

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