Working a Deal 'Out of Town'
Hi All. I have 2 leads for properties here in Texas. I am in Dallas. 1 prop is in Austin, TX and 1 is in Navasota, TX. I got my leads from someone else and if I work them and close, I will owe $500.00 each. My question....To make more money for me so that I can pay a birddog...would it be to my advantage to place a contract to buy (sight unseen) with a right to assign. Then ask for an assignment fee in the asking price?? Thanks...Bonnie 8-/
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You don't give us enough details of these deals to give you much help. What price can you buy at? And what price can you sell at? Does any work need to be done? $500 isn't going to make or break anyone, if you are buying right. You realize that you make your money by buying right don't you?