Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

43
Posts
3
Votes
Harriett Williams
  • Stockbridge, GA
3
Votes |
43
Posts

URGENT Apartment wholesaling question

Harriett Williams
  • Stockbridge, GA
Posted

Hey BP fam!

I have a friend, who has his first multifamily deal. He has an offer from his buyer at 6.2mil + 3% fee , he was told by a friend that it is illegal too get paid a commission for facilitating the deal as he is not a licensed broker/agent. My suggestion was to have him do an assignment for the asking price of 6.2mil and reassign it to his buyer with the 3% fee included. He is a little nervous to change his strategy from a simple fee agreement, to now wholesaling the property because he doesn't know if the seller or buyer will be okay with this change, any suggestions? If he goes with the fee agreement will that be enough to get paid through the title company/attorney's office? Thanks

Loading replies...