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#11
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Imagine you are desperate to sell your house because of a divorce and you are moving away.
U need to sell quickly. I come in and negotiate with you and arrive at a price 70% below market value (difficult to do but possible if you are serious enough). We sign a contract for hte purchase of your home. I show Investor A the home and Investor A says he is interested in buying it. I write up an "assignment" of contract and charge him 3-4 thousand for the writes to take the original purchase and sales agreement to closing and buy the house. That's the penny tables of flipping. Actually 25 NL. Penny tables is looking for trash properties for investors and they pay u 10-15$ per house. |
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