Wholesaling
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago, 09/07/2022
Can I Assign a Creative Finance Deal?
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!