Yo, yo, yo, what’s going on everybody we are live with the batch call what we’re going to do today guys, I’m going to show you how to use batch to get deals like I always do. And I’m going to show you guys something a little extra. I’m gonna give you a little extra sauce. Today, I’m going to show you guys how to fill out an assignment agreement because some of you guys might not know how to fill out paperwork to assign the deal to somebody. So I’m gonna fill that out for you. I’m going to show you live
I got Nick on here. We’re going to talk and I’m going to show him some stuff. We’re hopping right into this Nick, are you ready, brother? Yes, sir. Let’s do it. I just gotta leave by 340. So I’ll be no worries, this will go maybe 1520. And then when you’re ready to dip you can dip alright, but basically today is the batch call. We show people how to use batch leads to get deals and crush it. And today I got a special treat. I’m going to show everyone how to fill out an assignment agreement. Now an assignment agreement Nick is in for everybody watching is once you have a house under contract, you need to be able to assign it to an end buyer so you can make your wholesale fee right. So that’s what we’re going to be showing today as well as showing how batch is helping people right now with the way that the game is let’s dive right into it. First, I’m going to show you guys how to use batch find buyers and then we’re gonna go in now that we have a buyer for a deal that I have, it’s a $19,000 deal, okay, and I’m JV with someone in the club that joined he had a deal needed help finding a buyer. Now I found an end buyer and now we’re just going to sign it and show you how to do it. So let’s dive right in
let’s go right here. Everybody knows about batch leads. And if you guys don’t have batch leads, give it a shot you get a free trial. I don’t know why you wouldn’t try it for you can tie but basically once you have batch leads me batch leads right now guys, because I’ve made my business pretty dang trim right now as batch leads, it’s pretty much one of the only services I pay for right now to do this business, you just need the list, you need the data and then you need maybe like a DocuSign some sort of thing. I use panda doc, but pretty much it. So let’s go to the mind map really quick. If you guys don’t have the mind map that I give away for free, please go check it out. It’s absolutely free. It shows you how to do a deal from Step A to Z step one through 10. It shows everything so I’ve done this in the past guys, but I’m gonna show you guys again, if you are looking for buyers on deal, go to step three and go to flippers and rehabbers because that’s who we’re selling our deals to right now and go to match leads right now go to use how to use batch leads. There are two videos right now where I show people how to find buyers and I’m going to kind of explain this deal that I’m doing right now. So this deal that I have is in Columbia, South Carolina where J being with someone in our club program in Columbia, South Carolina, so I can look at it right there. Yeah, let’s go. Y’all came in Columbia, South Carolina. And I looked it up and looked up the deal ran some comps on it. And what had happened is the person I’m jiving with, they actually found it on for sale by owner in Colombia. I’ll be honest, guys, I haven’t really done a lot of for sale by owner deals, but he found it for sale by owner and what he did is he the house was listed at 330. Okay, so 330 is was like a really high price point. And what he offered it was listed at 330. He offered 275. And I basically analyze the deal. I looked up the comps if you guys don’t know how to look up comps, this is just a random deal. But you know, you basically just go to bash leads you go to comparables, you see the estimated value of the property, you also can automatically it runs comparable. So it tells you you know, homes have sold recently. So we ran the comps and the deal was he was way off no offense to my man, you know, no, well, he’s He’s awesome, but not throw him under the bus. It’s just the comps are wrong, right. So I told him where he needed to be I said, hey, you need to be at this price, right? And because of the reverse wholesaling method that I teach you guys and show you I actually reached out to a buyer that I knew in the area that I knew would buy it or is interested in buying properties in Columbia, South Carolina, and I said what would you buy this for? And I asked him and he gave me a price. He said I’d buy it for around 185 So what happened at that point is I went back to the JV the guy I’m doing a JV deal with and I said hey, man, my buyer needs about 185 or 275 Can you get the seller to come down and you know, miracle, you know, he was able to get them down to come to 180 Okay, so the buyer that I had was at 185 and he got them down to 180.
So I went back to my buyer and I went to the negotiating phase of if you go through step nine of how to dispose a deal, I was negotiating the deal with him and I got them up to 199 Okay, so we have it at 180 there at 199 So that’s a $19,000 wholesale fee and because he’s a part of my club, I actually give them 60% instead of 50 So on this deal you know if everything goes well I don’t count my my eggs before they hatch my chickens before they hatch or whatever the thing is, you know, there’s always things that can happen but if it goes through, he’s gonna get 60% for me bringing the buyer and then I get the remainder right Pretty sweet deal you know, to get more money and for me to help them find a buyer. So all of this comes through the the process that I’m showing you guys and batches is a key part of that. My process, he brought me a deal. I ran the numbers in my calculator, and I think this is what happened. So it was 330. He had an A 275. So I think it needed about 50k a word and he had a 275. And it’s worth 330. And if you want to make a wholesale fee of 15k, it’s not a deal, the flipper would make like lose $51,000. So we got it down to 180. Now it’s a $19,000 wholesale fee. And yeah, I mean, you could say, dang, that’s, you know, the flippers going to make 45k. But that’s how flippers are right now, in order for them to do a deal, they want to make 15 to 20% of the ARV as their net profit. So again, just giving you guys the process of how I do it, a deal came through, I reached out to the buyers that I have, I don’t know what they’d be willing to pay. Number seven, I brought the deal to my buyers found out what they would pay renegotiated the deal or he renegotiated it and now we have a $90,000 wholesale fee. And I was able to do all the numbers using batch and understanding all that process. So again, batch is sick or comping even for determining if whoever you’re talking to is the rightful owner. All I’m saying is batch is good to help you through this process to come to know if you have a deal, find buyers and analyze and make sure you have the right buyer. So Nick, have you ever filled out a assignment agreement?
Yeah, I have not. I’ve only filled out a joint venture JV agreement. And that was it. Cool.
Cool. All right. So I’m going to show you exactly how to fill out an assignment agreement right now because that’s I mean, you guys are going to need that. So what you would do here is you just put all the text fields that are required in reference to the contract between spire Okay, a signer. So that’s me, right Nathan Payne and sellers and then you would put the sellers information and I’d have to look all that up. So I’m just going to do that dated on so this would be the date of the contract property is described as you put the property address length a signer I am the signer hereby assigns all rights this contract including the right to ability to assign this blah blah. Anyways, just saying hey, I’m giving this person the right I am assigning my right someone else to buy this property pertaining but a third party to assignee is the next person that I’d put in well actually, it’s the person that’s up here this is the assignor assignee who we’re assigning it to for the total purchase price including assignment fee and then you want to put what you’re signing it to them for a closing will take place on or before so we know this one is think we said December fifth at five o’clock this assignment is made with no warranties guarantees you’re basically just saying hey, I’m not guaranteeing anything you have to do your own due diligence under signed assignment acting assignee acting personally and for the representatives, affiliates and organizations, if any, each hereby agrees to defend look, it’s pretty much just saying you’re signing the contract is someone you know, got to know all this legal stuff just to sign your agreement to someone you’re good and you just have them sign I sign as a signer and then I put whoever signing for them again, you’d have to send this as a recipient, but I just didn’t put it for this example. So then you just have to disclose since this is a JV deal. I’m gonna have to talk to the attorney and tell them how much is going to get paid to me versus how much is gonna get paid to the person on JV with so that’s that’s how it goes.
So Nick, any questions on this assignment? I know I went through it quickly but it pretty self explanatory. If you just read through it. Yeah, it’s straightforward. You just take the agreement, you’re the signer you assign it to someone you put the price that you’re assigning to them for you have the real estate purchase agreement at a specific price they can do the math but that’s it you know guys if you get to the point where you get a house under contract and you need to sign it I just gave you the juice it’s super simple you just put all this information in you have them sign this and then you send it to the title company or the attorney that you’re working with super simple nothing crazy. That’s how you send an assignment. I guys I got your back again, I keep saying that was true. Okay, hope this helps you guys out. Go make some money. Have a great Thursday. Go make some money, guys. There’s money to be made. Don’t think that money isn’t that you can’t do deals right now. We’re doing deals. Okay. We’ll get some deals us batch leads. Nathan Payne out
