For Sale Buy Owner

Has anyone approached a FSBO and used any of Robert G. Allen's. assignment of contract techniques. I went to a Robert Allen Seminar yesterday in Glendate, CA and they mentioned that as way to tie up property. I came across a FSBO and want to approach it with this technique in mind. Your advice would be appreciated

Comments(6)

  • rmdane200015th June, 2004

    You went to the seminar! Is that really as good as the seminar was? You should be teaching us on it! smile

    But really, they didn't cover this in the seminar?

  • bronxfox15th June, 2004

    It was a commercial seminar to get you to sign up for the 3-day for $2,995. It was one of the techniques that he mentioned. just enough to wet your appetite. Basically. you approach the FSBO with an offer but in the offer you write a contigency subject to buyers investors as a way out. Once the offer is accepted you then contact agents or buyers and offer at a higher price. Make sure that you cover your expenses.. RE commission, taxes if applicable to your state etc. Close with the buyer at the higher price you keep the difference. I've never done it so I want someone that may have the expericence with this technique

  • Bruce16th June, 2004

    Hey,

    Lots of things work really well on paper, but not in real life. I think this is one of those.

  • bronxfox16th June, 2004

    That's the big question. In theory it sounds great. Go down the wrong path and you've wasted a lot of time and made no money. Thanks for the input

  • rmdane200016th June, 2004

    Alright...the main thing you need to do is use a purchase agreement that allows for assignment of your rights under the purchase agreement & allows for entrance into the property after the purchase agreement is executed so you can show prospective buyers...leave yourself plenty of time to close on it....

  • keoki19th June, 2004

    It's called flipping a contract and it happens all the time, half the posts in wholesaling section is about that, you could have learned it here for free and instead of paying some guru a ton of money for nothing.

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