Is it possible to make money flipping real estate contracts? Yes, that’s indeed an opportunity you can check out right now and it works really well. It gives you some amazing benefits and the best part is that you will appreciate the style and results in no time. It might not seem like much at first, but flipping real estate contracts is actually quite good and it will generate income.
How does it work?
The idea here is that you assign contracts for a fee. If you are wholesaling real estate, this is the right approach and it does work very nicely. Usually when you flip contracts, you are a bridge whose purpose is to link buyers and sellers. You enter in an agreement wit the property owner, and that offers you rights so you can purchase the property at a certain date and within a specific price.
But instead of closing the property, you assign those rights to purchase to an investor. However, he will pay a higher price when compared to what you said you would pay. The important thing here is that you get to make a profit solely from flipping, and that on its own is what you want to pursue. It’s actually a great approach and idea here, and the best part is that you can do it multiple times.
How much can you earn?
You can start flipping real estate contracts right now and there’s no real limit. The more you flip, the more you can earn. Which is exactly what makes this such a great option. With that being said, you can earn from $500 to $5000 or way more. Another important aspect about this is the fact that you don’t need a license to flip any contracts. But it will help you if you have one, since it makes the process flawless.
Is this legal?
When you think about flipping real estate contracts, the legality of this task comes to mind. Some people say that it’s legal because it’s not brokering, instead you sign a contract and re-sell it. With that in mind, those that say it’s illegal say that the people flipping real estate contracts are acting like brokers because they promote properties and advertise them. Until now, there were no legal cases to prove flipping real estate contracts is illegal, so you are safe.
The idea of flipping real estate contracts and making money has become very common in the past few years. Not only is it interesting, but the best part is that you can earn quite a lot if you do it properly. It’s one of those business opportunities that can generate income without even worrying that much. Which is why it makes a lot of sense to give it a try for yourself and see how it works. You will be amazed with the potential and great benefits. At the end of the day, flipping real estate contracts is exciting, and very rewarding.