Читать книгу Flipping Houses For Dummies - Ralph R. Roberts - Страница 44

Flipping contracts (sometimes called wholesaling) consists of locating a distressed property, contracting with the homeowner to buy the property, and then selling the contract to an investor who wants to flip the property. In essence, you earn a finder’s fee by serving as an investor’s bird dog, and you don’t even have to lift a hammer.

Here’s how it works: You pay the homeowner a deposit, typically $1,000 or 5 percent to 10 percent of the estimated purchase price. In return, you receive a purchase contract giving you the right to sell the property to an investor. You then find an investor who’s willing to purchase the property and pay you a fee in excess of the amount you have tied up in the property.

This strategy may sound rosy, but I strongly discourage you from flipping contracts. I include the strategy here only because you’re going to hear about it elsewhere, and you should be aware of the high risk, especially the risk of buying from a bird dog. If someone ties up a $200,000 house and wants to sell you their purchase agreement for $10,000, you’re purchasing the house for $200,000 and paying a fee of $10,000. You’re taking all the risk and giving that person $10,000. If it’s such a good deal, you need to analyze it and ask yourself why the bird dog isn’t the one flipping the house.