Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Wholesaling
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 7 months ago on . Most recent reply

User Stats

2
Posts
1
Votes

Wholesaling with a real estate agent

Jerrell Sweeting
Posted

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

User Stats

1,028
Posts
1,047
Votes
David Ramirez
  • Investor
  • Tampa, FL
1,047
Votes |
1,028
Posts
David Ramirez
  • Investor
  • Tampa, FL
Replied

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! 

Loading replies...