Tuesday 24 July 2018

Walking on the beach is definitely more exciting than shovelling snow! Easier on the back as well. 😉
I don't know if you've ever heard of wholesaling deals so let me explain.

Let's say that you were checking out the market and you ran across this house that was a fantastic price and you were able to make an offer (subject to financing and due diligence).
Then, you turned around and found someone else that would buy that property from you without you actually "buying" it. This is called assigning a contract.

For example: If you found a house that's worth 400,000 but you were able to secure it under contract for 380,000...
You could turn around and sell that contract to somebody else for 390,000. They're still getting it for 10,000 less than it's worth but they would give you $10,000 for finding that house for them.
This is the way you could have an extra $10,000 and go to Hawaii and you would not have to shovel snow. Just a thought…

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