Make $2.5 Million Profit: Assigning Contracts Explained! #shorts
In this short instructional video, the speaker walks through a real‑estate wholesaling scenario to illustrate how a $4.5 million purchase contract can be turned into a $7 million sale using either an assignment or a double‑close. He explains that an assignment simply transfers the original contract to a higher‑paying buyer, while a double‑close requires the wholesaler to actually close on the property, obtain lender funds for the $4.5 million purchase, and then immediately resell to the buyer for $7 million at the same table. The speaker details the need for a lender to fund the initial purchase, the brief 15‑minute paperwork window, and how the seller is paid, the buyer’s $7 million is received, and after paying off the loan and covering closing costs, the remaining amount—approximately $2.5 million—is the wholesaler’s profit.
