Member
Joined: 2009-11-09
Points: 109
Offline
Name:
R. Riv
Location:
Queens, New York
About Me:
Born and raised in Brooklyn, New York. Moved to Queens in 1993 and have lived in different areas of the borough since, including: Richmond Hill, Ridgewood,and Kew Gardens.
I like to take road trips, it gives me the chance to enjoy different areas of the country and see different types of properties.
Like many people I have a job to support myself, but it doesn't always make me happy.
There are many different areas in Real Estate for people to try their hand at and that makes it fun.
Let's all help each other in our real estate investing and have fun doing it.
Always available for opportunities.
Interests:
Sight Seeing
Assignment Deals New York City
Hi DG Family:
I want to thank all of you for your comments. I've learned a lot. I'm in Queens in New York. I approached a real estate agent recently and told him about my investing strategy utilizing an assignment.
At first he told me that may work in other places, but not here. Then I told him I was looking for motivated sellers.
He told me they would just sell their property for way below market value.
Then I told the agent i would be upfront with the seller and tell them that I would want to get the contract assigned within a certain time frame and if I couldn't, I would buy it or the contract would expire.
Then all of a sudden the agent said if you could do that it would be great.
At first he was just thinking about how he could make money he wasn't listening to my ideas. If he brings the seller to me and I find an end buyer the agent still makes money.
Anyone having success in NYC with this strategy.