Carly Stagge did $1 million in assignment fees her first year, and she explains why double closing raised her company's average fee by more than 30% while keeping it clear of tightening state regulations.
Carly Stagge left corporate finance at JP Morgan and did $1 million in assignment fees her first full year in Denver. She explains why her company double closes every deal now, and how transactional funding moved their average fee from $17,500 to $25,500 in a single month. She also covers what a double close does that an assignment cannot, including the ability to renegotiate price with the seller, and why assignment fee laws in states like Pennsylvania and Ohio are pushing wholesalers toward it.
KEY TALKING POINTS:
0:00 - Intro
3:11 - Carly's Million-Dollar First Year
5:23 - Why Wholesaling Became Addictive
6:59 - Finding Deals in Colorado
8:45 - Marketing & Direct-to-Seller Methods
9:53 - Double Closing as Free Marketing
11:50 - Bigger Spreads Through Double Closing
15:34 - Building Your Own Capital
17:01 - Keys to First-Year Success
19:19 - Overcoming Fear of Spending Money
20:35 - Networking & Learning From Mentors
23:34 - Starting the Transactional Funding Fund
26:16 - Career Path: Finance to New Western
28:03 - Goals for the Funding Company
30:47 - Most Rewarding Deal Story
32:49 - Where to Find Carly & Outro
LINKS:
Instagram: Flip Fund Capital
https://www.instagram.com/flipfund_capital/
Website: Flip Fund Capital
https://www.flipfundcapital.com/
Instagram: David Lecko
https://www.instagram.com/dlecko
Website: DealMachine
https://www.dealmachine.com/pod
Instagram: Ryan Haywood
https://www.instagram.com/heritage_home_investments
Website: Heritage Home Investments
https://www.heritagehomeinvestments.com/