Trick to Assigning a Bank Owned Property

Scott CostelloAll 4 Comments

In simple terms, you can not assign a bank owned property unless you get the permission of the seller and buyer.    This is because banks put this into their contracts… “This Contract may not be assigned without the written consent of Buyer and Seller. If Buyer and Seller agree in writing to an assignment of this Contract, the original parties to this Contract remain obligated hereunder until settlement.” This doesn’t mean that they will not allow an assignment.  On rare …

How to Find Distressed Property Leads

Scott CostelloAll 1 Comment

How to get leads? The concept of wholesaling real estate is a simple one, you sell the house for more then you buy it for.  It’s the same thing that Costco does with their products just on a larger scale.  The problem is that finding the good buys is hard to do when you are a beginner and that can become really frustrating.  That frustration, in most, will lead to giving up. I’m not going to blow smoke up your …

Dave Ramsey and Real Estate Investing

Scott CostelloAll, Blog 4 Comments

Dave Ramsey I’ve finally got’n to the point in the book where it’s time to start taking action. My wife and I don’t have a lot of debt, we’ve got student loans, two car payments and a mortgage. We don’t carry any credit card debt from month to month so we are ahead of most people who would normally follow The Total Money Makeover program, but I want to get rid of ALL my debt. Dave recommends you list your …

Wholesaling Real Estate – Assignments

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So you have a property under contract and you aren’t sure what to do with it now. How do you wholesale real estate when it’s a Non-Bank owned property? Well the first thing you have to do is find yourself a buyer. Once you do this there are a few ways you can wholesale a property in today’s market and this article will discus Assignments. Assignment of Contract. This is probably the easiest and the preferred way of many investors …