Hey everybody we have a money making strategy that we want to share with you. It’s really easy and we made a quick video about it. In today’s video we are going to answer a question we recently received. We got an email from Michael in Houston Texas who asked us “how do I put together a list of buyers to assign my contracts to“

Michael is a real estate investor and he told us that he is actually getting deals at great prices but he’s looking to move these properties via assignment of contract. This is a great real estate investing strategy…but what do you do when you don’t have any cash buyers on your buyers list? Well, let’s find out!

So what Michael is looking to do is wholesale his deals to either end buyers or to other investors.

We believe that wholesaling real estate is a great money making strategy but it can be tough if you don’t have a list of buyers to sell to. So what should Michael do?

Well for those investors in Michael’s shoes there are a number of ways to go about building your buyer’s list but they are going to take time.

So if you’re looking to make money in real estate quickly…and I mean in a week or even in a couple of days, there’s one quick way to do so.

Form a joint venture with a real player in your market. Hands down this is the fastest and easiest way to make some quick yet substantial dollars.

It’s so easy that we know some people who only use this strategy. You don’t need a dime of your own money, you don’t need to have any credit…and I mean you can be in bankruptcy and still make money doing this. And you don’t need and real experience.

You will need to know how to fill out a real estate contract and you will need to learn how to execute an assignment of contract, but other than that, you can be pocketing cash days from watching this video.

Here’s how it works. BEFORE you begin putting some contracts out, find out who the whales are in your market. The easiest way to find these guys is to visit your local real estate investment club meeting.

Meet with the owner of the club, and tell him you’re looking to partner up with someone to push some deals to. More than likely he’ll either be interested in the deals himself or he’ll tell you he’ll help you market them.

You’ll then need to find out the criteria that the whales are looking for and you then become somewhat of a real estate waiter. You simply take their stated criteria and go fill the order. The way you fill the order is finding a deal that meets with their objectives. Then and only then do you get it under contract. The next step would be to get your JV agreement in place.

This ensures you get paid at closing. Then you execute your assignment and pick up your check! No marketing, email blasts, no listing..nothing. Your whale JV partner takes care of everything and you pick up a fat check for a few hours work.

It’s the ultimate flipping houses strategy for new investors…and as I said, us old timers use it now and then too! Last Thanksgiving, I was on vacation in Connecticut and I saw a sign in front of a farmhouse. Knowing what to look for it appeared to look like it might be a “classic don’t wanter” situation.

Sure enough it was. So I put it under contract and then had to decide what to do. Being 1,200 miles from South Florida, I waited until after dinner and went online looking for the local real estate investment club and did a little research.

When I got back to Fort Lauderdale I called the owner of the club and talked about my deal. 30 minutes later I emailed him a JV agreement and we had a deal! I sold the deal to him for a quick and easy $5,200.00 profit and I didn’t do anything except drive by a farmhouse while on vacation.

What did he make? Well he bought the property himself and he made a lot more than what I did…but I’ll take $5,200.00 for about an hour’s worth of my time. I bet you wouldn’t have a problem with making that kind of money on vacation either.

So you see, you’ll end up splitting profits on a 50/50 basis but you’ll make some quick cash. For instance, let’s say you found a deal that you can pick up for $40,000 and can sell for $50,000.

Well, you split the 10k profit and move on to the next deal. Don’t get greedy. Just get yourself in a position so you don’t need to split all of your deals.

Make sure however that you do your homework and know your numbers. An experienced cash buyer knows a deal when he sees it. You’re not going to fool anybody and you’re definitely not going to BS anyone so don’t try.

You know, here it is some 20 years later and I still use this strategy from time to time. Even here in my own market. It’s easy, it’s clean and it’s fast money. I’ve been dealing with a guy for nearly 20 years. We may only do one or two deals per year but when I need to move something quick…he can do it in days. (while I have to bite my tongue and keep myself from screaming…sometimes moving a deal in 24-48 hours is really worth it)

So give this a try and then when you have the time and resources to build your own buyers list you can take that task on.

If you want to learn how to set-up joint venture deals for quick and easy profits, check out our REI BarCamp events. REI BarCamps are totally free networking and training sessions.

Click the image above  to see when and where our next REI BarCamp is scheduled and don’t forget to subscribe to our YouTube Channel.