OfflineI put this in another topic, but haven't received the correct answer yet and was wondering if someone experienced can answer this...
I'm going to begin this monday building my buyers list, then sellers list, but wondered about one piece of the puzzle if using an agent like with the 25:1 strategy.
I now know that if working with agent and submitting offers to fsbo properties they won't mind about effort of offers because getting commission from investor you assign to, but my question...
If using an agent on my behalf to submit multiple offers for listings located on mls and have cash buyers, can i still do assignments as long as not a mortgage being taken out. If investor assigning to is all cash buyer can do assignments on fsbo and mls listings, right? (not reo's but sellers using agents to sell house and have on mls)
Or is assignments only work with for sale by owner. I thought can do fsbo and mls as long as all cash buyer and no mortgage taken out because can't legally with mortgage.
Appreciate anyone clearing that up for me. Just wanted to have that answer so can set up my game plan and get rolling. Thanks
You can assign a deal on the mls, yes. If you're gonna do it with a mortgage, you can either use transactional funding, or have the buyer just pay you outside of escrow for bringing them the home if they have a mortgage. After that, you should be god to go! You may have to adjust your numbers based on mls offers a little. You don't have to pay a commission when buying an mls property, bc the agent is paid by the seller unless the bank(s) don't pay their commission. Then, you may or may not have to rethink your numbers.
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I now know that if working with agent and submitting offers to fsbo properties they won't mind about effort of offers because getting commission from investor you assign to, but my question...
If using an agent on my behalf to submit multiple offers for listings located on mls and have cash buyers, can i still do assignments as long as not a mortgage being taken out. If investor assigning to is all cash buyer can do assignments on fsbo and mls listings, right? (not reo's but sellers using agents to sell house and have on mls)
Or is assignments only work with for sale by owner. I thought can do fsbo and mls as long as all cash buyer and no mortgage taken out because can't legally with mortgage.
Appreciate anyone clearing that up for me. Just wanted to have that answer so can set up my game plan and get rolling. Thanks[/quote]
Thanks so you're saying if all cash buyer and seller obviously accepts assignee in contract offer, then can do assignments with mls as well. If mortgage being taken out by my buyer to purchase property and not all cash buyer, then can't do assignee with mortgage have to do other options you mentioned, right?