My name is Andrew and I am brand new to real estate investing. Over the last 5 months I have read over a dozen books, listened to most of the bigger pockets podcasts and have become a pro member to help me analyze deals. What I have come to focus on recently is the idea of selling financing. I think it will be the best way for me to get into my first few properties.
Has anyone used real estate agents to find these deals? Is it worth it? And lastly, how do I structure it so that everybody wins? (The seller, the agent, and myself). I’m a nurse with steady income and a stable job but my hours are crazy so my free time is limited so I want to outsource as much as I can. Any input will be greatly appreciated.
Seller financing deals are listed on the MLS. The commission splits will be listed out in the listing so everyone know what they are getting. With seller financing it is sometimes a % and sometimes a flat fee for the agent(s). Depends on what the seller wants to do.
I have & do use a Buyers agent to find Seller Financed deals, Definitely worth it. Remember, sellers pay the commission (at least in my market).