Wholesaling with a real estate agent
So I'm coming up with ideas of how I can make money wholesaling and I have some questions to see if these ideas could work.
If i were to go under contract with a FSBO, for a set price on a property with an assignable contract. Could I have a real estate agent find a buyer for this contract/property and offer the agent a percentage of the assignment fee?
Market Value of the property:
For example, I convinced a FSBO to sell his property for $300,000 with the contract being assignable and I go under contract
Then, I find a real estate agent, tell them that I have a deal and I'm offering 33% of my assignment fee which is 30k so the agent would be getting $10,000. Should I consult with a real estate attorney when drafting up a contract? Would this idea for wholesaling work????
Most Popular Reply
Hey Jerrell,
The answer is yes, we have done it several times with our off-market leads. I offer them 2% of the final purchase price to the realtor if they bring a buyer. You would just sign a commission agreement with them and they get paid at closing.
Reach out if you have any questions!