Exposed! The Real Estate Wholesale Quick-Turn Flipping Deal

Wholesale real estate investing (i.e. "quick-turn" or

"flipping" real estate property) is conceptually very

simple. Here's how it works:



First, "Investor A" finds a great real estate deal with

a lot of equity. Typically, Investor A will have spent

a significant amount of time, money, and expertise to

find the deal, negotiate the terms, and get the property

under contract. By putting the property under contract,

Investor A now has control of the property, and the

equity in the property.



(For this example, imagine that Investor A has found a

property worth $200,000 and has set a purchase price of

$115,000 and he also knows that there are $15,000 in

repairs, which leaves an equity position of $70,000).



Second, "Investor A" finds another party, "Investor B".

Investor B recognizes that the contract that Investor A

has established is worth $70,000 in equity, and so he

strikes a deal with Investor A to turn the deal over to

Investor B in exchange for some amount of cash, called

an "assignment fee" (we'll use the value of $12,000 in

this example).



So Investor A is giving up $70,000 in "potential" profit

in exchange for $12,000 in current profit. And Investor

B is paying $12,000 because he believes he can make more than that on the deal, since there's a full $70,000

of equity built in.



This deal between Investor A and Investor B is called

an "Assignment", because Investor A is assigning the

contract to Investor B.



Third, Investor B does his "due diligence" (i.e. inspections, appraisals, etc.) to confirm that the deal is as good as he/she thinks it is.



Finally, at closing, Investor B closes the purchase of

the property, and Investor A receives the assignment

fee from Investor B.



This is obviously, a simplification of the process.

But this is essentially how the "quick-turn", real estate

flip deal works - not so difficult now, is it?



Now, get out there and hunt them deals down!



What? Not sure where or how? I can show you 3 quick sources to get ya started right away...



About The Author:



Alain Diza makes it easy to understand the mechanics of the real estate wholesale quick-turn flip. Learn this principle and private strategies the 'gurus' are charging thousands for. Get your free e-course at:

http://www.tm-RealEstateInvesting.com