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Investing Strategies

$15K Assignment Fee Is Not a Bad Day

So I was sitting at Starbucks recently, just typing away (not very fast, mind you; I only use 2 fingers total), when my piece of crap iPhone that doesn’t work ever starts ringing…

Rrrrrrrriiiiinnngg…

Me, Preston ElyYeah?

Intruder: Yo! Preston! It’s me, Sam – your favorite student! I just flipped a house for a $15,000 assignment fee. I happened to be in your neighborhood, so I thought I’d call you and say ‘thank you for making me rich’ for the thousandth time in my life!

Me: I’m at Starbucks on Howard Ave. Stop by and tell me about it.

I love it when my students close deals because I learn something new… every single time. In this particular case, it was more of a reminder than anything, though. And I thought it might be helpful to you to pass it along to you, just in case you’re not doing this already.

First of all, the seller in this case was a landlord who had received a postcard from…


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