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.
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 almost 17 years ago,

User Stats

19
Posts
1
Votes
James NA
  • Real Estate Investor
  • Atlanta, GA
1
Votes |
19
Posts

Assignment on house at retail value.

James NA
  • Real Estate Investor
  • Atlanta, GA
Posted

Right now I'm in the process of putting a house, in perfect condition, under contract. Seller is really motivated. She lives too far from her job and wants to move. Loan is 160k and the house appraises around 180k. Its in a small cul de sac and the house across the street sold in days. Is it possible for me to get it under contract and then partner up with a realtor to get it sold even though there would be no equity with which to pay the realtor?? I know that no investor would want the contract because there's not much money to be made from it but is there a way for me to make and money from it as a wholesaler. The house's condition and location makes it very possible for it to be sold retail and fast. Help please. Someone suggested a "reverse assignment".....whatever that is.

Loading replies...