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Updated about 17 years ago on . Most recent reply

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Michael Maloney
  • Property Manager
  • wichita, KS
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Assignment ?

Michael Maloney
  • Property Manager
  • wichita, KS
Posted

If I were to use one contract and assigned it to my buyer. Would i have the seller put the total amount i want to sell to my buyer and then collect my assignment fee at closing from the seller ? :badwords:

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Steven Brown
  • Real Estate Investor
  • Mobile, AL
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Steven Brown
  • Real Estate Investor
  • Mobile, AL
Replied

First I hate canned contracts, but especially if you are trying to wholesale. You have very little room for error, and the best way is to handle the contract side with a contract that is proven and will work for your area.

I suggest getting a mentor in the area that does wholesaling. It is very easy to make money in the real estate business and specifically wholesaling, but it is very easy to screw it up as well.

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