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Birddog To Birddog - Option To Assign?

JohnCl profile photo
  • Tuesday, April 26, 2005 @ 10:59 PM EDT
  • 9 Comments

Here is the scenario:

Birddog has property under contract. I want to show it to my investor. Birddog has equitable interest via the contract. I would like to get a non-exclusive option to have his P&S agreement assigned to me from the birddog to secure my interests.

Has anyone ever done this? If so, how? Am I making this too complicated?

JohnCl

Comments(9)

  • joel
    joel28th February, 2005

    Moved to beginners Forum

  • no photo
    AdrianEI9th March, 2005

    Good idea.

    What all should I Look for in a real estate agent?

    What about looking for Duplexs and asking to buy from the owner?

  • d_random
    d_random9th March, 2005

    I would try to find some one that owns investment property themselves. They will be the most knowledgeable.

    If I were you I wouldn’t fly it solo for your first deal, if that is what you are saying. Get comfortable with doing a couple of transactions and try to absorb as much information as possible.



    Quote:
    On 2005-03-09 14:19, AdrianEI wrote:
    Good idea.

    What all should I Look for in a real estate agent?

    What about looking for Duplexs and asking to buy from the owner?

  • sanjosee
    sanjosee12th March, 2005

    My advice is to learn how foreclosures & other related distressed situations are recorded in your county courthouse or recording office. If you become an expert in sniffing out motivated sellers & opportunity that goes along with that. Investors will chase you down to give you money.

  • norrist
    norrist11th April, 2005

    I bought it years ago and was pleased with simply the education on terminology, etc...

    You may be able to pick it up on eBay, or even your local library...

  • no photo
    InActive_Account11th April, 2005

    Yeah Ebay is the way to go. Wish I would have thought of that.

  • norrist
    norrist11th April, 2005

    eBay away...

    http://search.ebay.com/Carleton-Sheets_W0QQsojsZ1QQfromZR40

    Tim

  • no photo
    lisadubya14th April, 2005

    Wow!

    Talk about asking an innocent question!

    Thanks to all of you who responded to the original question regarding the Carlton Sheets REI program. I took your advise and went to ebay and sure enough, there were several of his items for sale. Sadly, I lost a bid ($40) for the entire program I saw on his informercial.

    Let me state once and for all - I am in no way advertising for this guy. Actually, I never heard of him! Just saw the TV informercial by chance one Sunday morning. My apologies for the ruffled feathers and misunderstandings. Just asking a question.

    Thanks for all of your responses!

    Lisa

  • JohnLocke
    JohnLocke14th April, 2005

    Lisa,

    Glad to meet you.

    Into the lions den walked the innocent..

    No problem no one of any consequense took your post as advertising, just an every day question about a big time Guru.

    John $Cash$ Locke
    [addsig]

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