Hello I'm really new to wholesaling, has anyone had any experience doing a wholesale deal with a broker listed property? will an assignment still work in the situation? any recommendations? I'm in Texas.
Assignment can work just depends if the owner of the property agrees with a contact that can be assigned.
Most real estate agents don't like this process cause you are taking a deal that they haven't been able to sell and selling it for more than they were able too.
The realtor should not have too much problem with it. He will still receive his commission.Might work on his/her ego a bit but could also open a door for a relationship.
@Nicholas Testa I see that you are a agent. You need to discuss this with your Broker, before you do this. Some brokers don't want their agents wholesaling houses.
Also network with some Texas wholesalers on here for more info. At least one has done podcasts.
thanks everyone for the response! This cleared things up for me and I'll ask my broker James, thank you for the heads up.