Rental Property Investor · Athens, GA · Member since 2014 · 18 posts · 2 votes
To preface my title, I've spent probably close to 2 hours scouring for the answer to this question and haven't found it just yet... and watch as soon as I post this there will be links flying in about the exact topic haha.
I'm aware that as a licensed agent, especially in Georgia, of all the disclosures that are necessary before an offer is made on a property.
My questions comes down to more on the investor/acquisition side and dealing with off market properties, as an Agent... are you able to creatively finance or utilize private capital for a deal? And if so how does that look for your brokerage? How is it structured? Or is it not worth the trouble as an agent? Because as an agent any and all real estate dealings/transactions that you're involved in have to be ran through your brokerage, as far as I know and have been told from mine...
I feel like I'm either missing something or maybe I'm not and it's just not clicking. Any insight would be fantastic. Thanks in advance.
@Jake Blickenstaff I'm an agent here in St. Louis, MO. I don't see any reason you cannont utilize additional financing options beyond the standard lenders. I just purchased a property to flip using a private investor. You just need to make sure you properly fill out the financing section of the sales contract. My main focus has always been making sure they know I am an agent and that I will be buying this property for investment purposes to make a profit.
Also, I would check with your broker about how they handle personal deals. I list my flips on the MLS but only charge a BA commission. My broker is fine with this as long as I still have other business coming in. And if you're buying a property off market, I would assume that it does not need to go through your brokerage. Just confirm that with them.
@Mark Johnson thank you! I appreciate your response. That pretty much answers it. I wasn't sure how the off-market deals portion worked with the brokerages and the financial part worked for private capital.