OfflineHello DG family. I recently viewed last week's webcast-I know, a bit late. But I have already contacted my real estate agent and am ready to start this strategy on 25:1. In doing so, I'm inquiring if these types of deals can be assigned? Also, how does my agent get his cut? All responses are greatly appreciated.
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The property that comes in with an accepted offer, but make sure only one is accepted from your 25 of offers, is the property you blast out to your buyers in your contacts. Your purchase agreements has include "assinees" next to your Nam as buyer the contract.
You have tell your your agent that you have partners or investors coming in out that I will sell to and some of he properties I will buy and flip. You have to sound that you mean business.
As for your agent, she/he is now representing you as a buyer agent, so they get their cut of 3-6% of the property being sold.
Then after that first property out of the books, you can do it again with the same agent, and she will gladly accept because you bought a property from them before. So if you can stick with one agent. The more properties you buy or assine from the same agent, the more money you and your agent will get.
But sometimes be nice and give your agent a percentage.
Good luck
PLEDGE ALLIGENCE TO THE SWAG
Okay, thanks Saelua. Now, is there a problem if more than one offer gets accepted? Say like two or three? I heard Matt say that if too many offers get accepted than to decrease the offer price, which is understood, but what if just two or three offers get accepted? Can they all be assigned? Possibly to the same buyer, right?
Also, that one or two that I get would I have to use the diuble close procedure when assigning?