In this video, Stan Gendlin goes into How To Do An Assignment Of Contract For Wholesaling Real Estate! Stan sheds light on what an assignment of contract is, why you should consider utilizing it in your real estate investing business, and how you use an assignment of contract.

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Before diving into the assignment of contract, it's crucial to understand the legal landscape of your local area. Laws and regulations vary, so ensure you're wellversed before proceeding.

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Stan breaks down the concept of assignment of contract, also known as wholesaling, where you secure a property under contract with a seller and then transfer your rights to that contract to another party for a fee.

Discover the significance of the assignment fee, which is the difference between the original contract price with the seller and the amount agreed upon with the potential buyer. Stan explains this critical aspect for aspiring wholesalers.

Learn practical tips on finding properties to assign, from scouring the MLS for distressed properties to networking with potential sellers directly. Stan shares his top three methods for identifying motivated sellers and securing deals.

Once you've found a property and had your offer accepted, Stan guides you through the process of finding a buyer and executing the assignment of contract. Understand the key steps involved and ensure a smooth transition of ownership at the closing table.

Discover the pros and cons of wholesaling through the assignment of contract, from minimal upfront costs to potentially leaving money on the table. Stan provides a balanced overview to help you make informed decisions.

Understand the differences between assignment of contract and double closing, including associated costs and regulatory considerations. Stan highlights the nuances of each approach to help you navigate the real estate market effectively.

Whether you're a novice investor or seasoned pro, this video equips you with the knowledge and strategies to excel in real estate wholesaling.

Timestamps:
00:00 Intro
00:29 What Is An Assignment Of Contract?
01:10 How Does An Assignment Of Contract Work?
02:15 What Is An Assignment Fee?
02:28 How To Assign A Contract In Real Estate
03:19 How To Find A Property To Assign
03:59 Submitting An Offer
06:04 Pros & Cons Of Assigning Contracts
07:43 Assignment Of Contract VS Double Closing

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Disclaimer:
This video is not personalized financial or legal advice for the viewer.