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Updated about 2 years ago, 09/07/2022

User Stats

42
Posts
11
Votes
Briannan Burns
  • Real Estate Agent
  • Birmingham, AL
11
Votes |
42
Posts

Can I Assign a Creative Finance Deal?

Briannan Burns
  • Real Estate Agent
  • Birmingham, AL
Posted

I feel like there's no reason why this couldn't be done, but I cannot find anything about it online, so I'm probably just looking it up wrong..

Anyways, I'm an Acquisitions Manager, I own my own business, and up until recently have only been working in wholesale. Since learning about Creative Finance, I've branched out more into that & absolutely love it!

I want to add CF Acquisitions to my service list for investor clients, but also for my own company, want to get into assigning CF deals to other investors, until I feel comfortable enough to build my own portfolio.

My question is- HOW do I assign these deals? Would it be the same as assigning a wholesale agreement? Get the seller to accept & sign the agreement, find a buyer who's interested, assign the agreement, get paid a percentage, and close?

Since the #'s used to make sure a CF deal makes sense are pretty close to the same as a wholesale deal (ARV, mortgage payments, repairs, rental comps, etc.), this just makes sense to me. Any help, insight, or tips are welcome- TIA!

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