Podcast 326 – Assigning vs. Wholetailing!

Michael goes over whether or not you should be assigning contracts or wholetailing, and much more…

  • Once I get a property under contract do I put it under my DBA or my personal name? I will then use the profit from my first deal to properly file for an entity.
  • If I am going to do a concurrent close and I have my own cash buyer. What contract can I use for the cash buyer.
  • What is the risk to me taking a property Sub 2?
  • There is a lot of opportunity to assign my contracts. I assigned 5 contracts last year, and made about 30K. I want to move towards wholetailing now, but seems to be a much bigger transaction. Michael should I continue assigning or take the risk of wholetailing?
  • It’s difficult for me to wrap my brain around why someone would finance their own house being sold, especially when the initial conversation is I pay cash. My question is how do I start the conversation?   
  • Where can I get the contract for sub 2 and seller finance deals, and would you teach me how to fill it out?

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By | 2018-07-10T15:14:19+00:00 June 28th, 2017|Uncategorized|0 Comments

About the Author:

Michael Quarles is an accomplished real estate broker, contractor and expert specializing in residential real estate. Michael bought his first property before age 20 and has contracted thousands of deals since then. As an active and current investor understands what it takes to be successful in today’s market. Michael is well known for YellowLetters.com, the largest marketing company for real estate investors, 1800Sell4Cash, BSFF Academy, where he teaches real estate investing, and the creator of Wholetailing. Effectively turning the industry into a hands off virtual and systemized business. Michael was at the forefront of buying real estate nationwide on a large scale. A popular podcast personality, Michael has been on or hosted over 250 podcasts. He lives in Central California with his beautiful bride, four boys, a wonderful MIL he calls mom, and a family member who is a retired Catholic priest. His life has been blessed from the love of dirt and it is his passion to create abundance and prosperity in those who desire greatness.

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