User
Write something
LIve Deal Analysis and Q & A is happening in 6 days
Clubhouse 100 Lesson: The Assignment Process
Goal: Understand how to control a deal, assign it, and get paid without taking ownership. 1. Find a motivated seller with a problem that needs solving (vacancy, deferred maintenance, inheritance, tired landlord, etc.). 2. Negotiate favorable terms including price, seller financing, inspection periods, and assignability. 3. Use a purchase and sale agreement that specifically allows assignment of the contract. 4. Open escrow immediately and establish credibility with both the seller and title company. 5. Perform due diligence to confirm value, rents, repairs, title issues, and exit opportunities. 6. Create a buyer package including photos, financials, deal summary, and proposed assignment fee. 7. Market to qualified buyers only who have the experience and financial capacity to close. 8. Execute an Assignment Agreement transferring your contractual rights to the end buyer. 9. Collect a non-refundable deposit from the buyer to ensure commitment and reduce fallout risk. 10. Get paid at closing when escrow disburses your assignment fee and the buyer completes the purchase. Key Takeaway:You are not selling real estate—you are selling your contractual position in a deal you negotiated. The bigger the problem you solve for the seller and the better the terms you create, the larger the potential assignment fee.
Clubhouse 100 Lesson: The Assignment Process
Top 1%
I work exclusively with guys that want to be in the top 1%. No Bullshit…just wholesale 100’s of deals and own 100 doors.
Top 1%
Newbie Here learning and earning
Hey everyone, I'm very excited and interested in getting started into the creative financing process of the Real Estate investing opportunity to learn, understand, and earn a successful business Acquisition and JV partnership with great investors in helping others achieve successfully in the future.
0
0
Grateful to be here
Hi, I am new here. Happy to be here. I am a private equity investor, thought-leader, and bestselling author. Looking forward to bringing significant value to the community and making some meaningful connections. Looking forward to sharing opportunities and insights to feel members in the community. I firmly believe in the collective, in that together we can accomplish more than any single individual could on their own. This seems to be a very interesting high-level community. Grateful to be here.
0
0
Clubhouse 100 Lesson: Buying Real Estate at Auction
Goal: Learn how to safely buy properties at foreclosure, tax, trustee, and online auctions. 1. Understand the auction type before bidding. Foreclosure auctions, tax lien sales, tax deed sales, and online auctions all have different rules. 2. Research the property thoroughly. Review title reports, ownership history, liens, taxes, and comparable sales. 3. Never assume the property is vacant. Occupancy issues can dramatically affect your timeline and costs. 4. Set your maximum bid before auction day. Emotional bidding destroys profits. 5. Factor in repairs and holding costs. The cheapest purchase price is not always the best deal. 6. Verify title issues. Some liens survive foreclosure and become your problem after closing. 7. Have your funds ready. Many auctions require immediate deposits or full payment within 24–72 hours. 8. Attend auctions before bidding. Spend time watching experienced investors and learning the process. 9. Focus on your exit strategy first. Know whether you will flip, rent, seller-finance, or wholesale before you buy. 10. Buy only when the numbers work. Great investors make money when they buy, not when they sell. Common Rookie Mistakes - Bidding without researching title. - Ignoring occupancy risks. - Overestimating after-repair value. - Underestimating repair costs. - Getting caught in bidding wars. - Buying based on emotion instead of numbers. Key Takeaway Auctions can produce incredible deals, but they can also create expensive mistakes. The winning bidder isn't the highest bidder—it's the investor who does the most homework before raising their hand.
2
0
Clubhouse 100 Lesson: Buying Real Estate at Auction
1-30 of 81
Clubhouse  $1M  challenge
skool.com/clubhouse-100
Make your first million wholesaling. Learn off-market deals, close fast, and build a 100-door portfolio.
Powered by