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Updated over 14 years ago on . Most recent reply

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289
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Dan Krause
  • Michigan
14
Votes |
289
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Use EBay to assign wholesale contracts?

Dan Krause
  • Michigan
Posted

Has anyone ever done this? Successfully? Can anyone think of how the assignment process would work using EBay as a wholesale tool? Thanks, Dan

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Marc Freislinger
  • Flipper
  • Phoenix, AZ
679
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973
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Marc Freislinger
  • Flipper
  • Phoenix, AZ
Replied

I'm also interested.

I would make the bid my assignment fee. Minimum bid would simply be the minimum amount of profit you're willing to take.

In the ad would be:
A lot of pictures
Description
contract information (closing date, purchase price, etc)
A list of needed repairs, with 2 or 3 contractor estimates maybe?
Rent prices

It's an interesting idea. I see a lot of homes advertised where you are bidding on the down payment instead of the purchase price, so I wouldn't think it's much different then that.

Please do update us on how this turns out.

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