30 Days to Real Estate Cash 123
You write up the contract with your name as the buyer and our assignment phrase “ ANDOR ASSIGNEE ” If you’re using a contract form for that state, or one you got from a real estate agent or at- torney, check to make sure that there isn’t a phrase somewhere else in the contract that doesn’t allow the assignment. Actually, you should have done this before, as you’ll be using the same contract form for every transaction. Maybe you and Bob have an agreement that he’ll pay you $5,000 or some other number for deals that you bring him. Or maybe it’s a percentage. You do a form which is an “ assignment of contract ” that says you’re assigning your rights in the contract to Bob for $5,000. You get paid, and Bob ends up owning the property. It’s really that simple. You have your buyer bucket and your seller bucket, and both are full. You’re the middleman, connec- tor, matchmaker, or whatever you want to call yourself. It really doesn’t matter because you are interested in one thing, cashing your check. As a matchmaker, you’re helping the seller out of a situation and to sell their home. They haven’t been able to do that before. You’re providing a valued service to Bob, who would never have found this deal on his own. Matt’s Assignment System I always like to share Matt’s input with you, as he’s been doing these things for a while now, and has built a huge and successful business. Part of the reason is because he experiments until he finds out what works, perfects it, and then just keeps doing it and making money. Let’s get right into Matt’s rock-solid infor- mation and tools to do assignments successfully.
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