In EP 14, of The Curious Investor, Stephen Jones from Blueline Real Estate Group, a previous guest on the show, takes centre stage in Part 2 of 3 of a roundtable discussion about everything assignment, and how to finance it! What is an assignment? From RECO:
“An assignment is a sales transaction where the original buyer of a property (the “assignor”) allows another buyer (the “assignee”) to take over the buyer’s rights and obligations of the Agreement of Purchase and Sale, before the original buyer closes on the property (that is, where they take possession of the property). The assignee is the one who ultimately completes the deal with the seller.
In other words, an assignment clause allows the buyer of a home to sell the place before they take possession of it.”
The group, (bios below) discuss various aspects of an assignment such as how assignment deals work, what goes into hem, and also working with wholesalers.
STEPHEN JONES
Sales Representative & Team Lead, Blueline Real Estate Group
Stephen Jones is known as a Preferred Investment-Focused Realtor. Embarking on his investment journey back in 1998, Stephen purchased his very first investment property in the heart of Pickering. To date, he is involved in land development and is the owner of multiple properties in Ontario, Alberta and BC. Currently, he is on a mission to assist his valued clients in building secure, lucrative real estate portfolios.
RICK & DON LEWIS
Lewis Brothers Properties & Tridium Corp
The Lewis brothers are real estate investors and property flippers who have been in the industry for almost a decade - renovating, flipping and reselling homes.They've paired their background in contracting and construction with their passion for real estate to take "unsellable" homes and make them beautiful. They create signature homes that sell quickly on the market and income properties that generate positive cash flow every month.
DIANA ISKANDER
Mortgage Agent, The Lending Suite
Diana has spent 17 years in the mortgage industry, 3 most recent of those years as co-founder at The Lending Suite. Diana has developed a passion for being able to successfully structure complex files to deliver the best results for her clients. With her tenacity and creativity combined with leveraging her access to major banks, B lenders and private lenders has allowed her to find solutions to challenging client situations.
JASON LANE
B.B.A., J.D. - Woitzik Polsinelli LLP
Lawyers & Mediators
Jason joined Woitzik Polsinelli LLP in 2018 as a summer law student and obtained his Juris Doctor degree from The University of Western Ontario in 2019. He is now an associate in our Family and Real Estate Groups and is primarily focused on the drafting, review and negotiation of legal documents as well as client advocacy in family matters on your behalf.
Nicole's passion and curiosity for investing in real estate began early but has shown up in almost every stage of life. Watching her Dad develop raw land as a personal past-time. Nicole's business spans all aspects of Commercial Real Estate and she has led transactions of all complexity in the areas of industrial, office, retail, multi-family, leasing and land development. Tune in as she lets her curiosity drive every episode to explore each guest's journey in the world of commercial real estate.
Contact:
Email: nicole@reidjames.ca
Web: http://www.reidjames.ca/
Ph: 905-723-5944
Tags: #commercialrealestate, #commercialinvestment, #realestateinvestment, #realestateinvesting, #entrepreneurship, #businessowner, #commercialproperties, #retail, #commercialrealestatebroker, #investmentproperty, #industrialrealestate, #passiveincome, #wholesaling, #realestateassignment, #reco, #mortgages, #financing, #contracts, #hoarders