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Updated 15 days ago on . Most recent reply
Working with wholesalers
Hello!
I am Jaša and I am wholesaling real estate. It is said that wholesalers shall avoid on-market properties.
However, I had the following idea:
is it possible/legal for an agent to work as a JV partner with wholesaler?
For example, I see a listing that has been listed for 100 days. Then I would contact the agent and honestly tell them that I am wholesaler and if they want to work with me. We would low-ball the seller, lock it up and assign it and at the closing split the assigning fee 50/50.
If I run some numbers, the agent's fee would be way higher than usual 6%
Thank you for your help.
Jaša
I am Jaša and I am wholesaling real estate. It is said that wholesalers shall avoid on-market properties.
However, I had the following idea:
is it possible/legal for an agent to work as a JV partner with wholesaler?
For example, I see a listing that has been listed for 100 days. Then I would contact the agent and honestly tell them that I am wholesaler and if they want to work with me. We would low-ball the seller, lock it up and assign it and at the closing split the assigning fee 50/50.
If I run some numbers, the agent's fee would be way higher than usual 6%
Thank you for your help.
Jaša
Most Popular Reply
Nicholas L.
#1 Starting Out Contributor
Pro Member
#1 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
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Nicholas L.
#1 Starting Out Contributor
Pro Member
#1 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
If you don't own any property yet, you're in a perfect position to house hack.