This $10,000 Assignment came completely out of nowhere!
I rarely mention my wins, but I've been using XLeads for 5 months now and within my 1st 60 days I closed two wholesale deals by switching to XLeads software! -Last month I closed a wholesale deal and picked up a $10,000 assignment fee. But honestly… the check wasn’t the biggest win. This deal reminded me of something I still can’t fully explain — that when you genuinely focus on helping the seller get what they need, and you’re willing to problem-solve, jump through hoops, and think outside the box, the deal has a way of working itself out. This one started completely randomly. I got a call through my CRM from a number I didn’t recognize. No name, no record — which almost never happens. I missed the call, called back, and found out how unusual this really was. Somehow, this seller found my business number — a number I don’t even put out there much. Turns out, he searched “AZ subject-to buyers in the East Valley” on ChatGPT, and my name came up. Here’s the twist: The seller is a professional NFL player. He played for the Cardinals and was recently signed by the Giants. He never lived in the property — it was a rental. He originally bought it subject-to and now needed out fast. He had a tech investment opportunity and needed $100,000 quickly, and this property was his least-performing asset. He asked if I’d buy it subject-to, so I brought in one of my subject-to buyers for a three-way call. That’s when reality set in. He needed his equity now, not over time. The numbers didn’t work for a subject-to structure. So, I stopped the call and told him honestly: “It sounds like what you really need is a wholesale exit.” After the call, he and I talked one-on-one. He was clear: If he could net $100,000, he’d sign the contract. I didn’t know for sure if I could make it happen — but I locked it up and went to work. Here were the numbers: - Purchase price: $350,000 - Mortgage owed: $250,000 - Needed repairs: $15k–$20k - Value: $450,000+ - Goal: Seller nets $100,000 I debated keeping it as my first flip. I asked trusted investors for advice. The consensus was clear: the market was slow for retail flips in that area — best move was a buy-and-hold investor.