Hi,
I'm new to the program and have a question. I finally found a Realtor who I would like to work with on assignments/wholesale deals, but he's concerned with the legalities of assignment contracts and with how I will earn profits. He understands that he would get a commission, but is not comfortable with the method in which I would make money from deals.
I explained Dean's system of estimating FMV, and then subtracting for repairs, my percentage to wholesale, etc., then turning around and offering the property to an investor for $10,000 more. What can I tell him to reassure him, etc?
Assignment Contracts Legalities
Hi,
I'm new to the program and have a question. I finally found a Realtor who I would like to work with on assignments/wholesale deals, but he's concerned with the legalities of assignment contracts and with how I will earn profits. He understands that he would get a commission, but is not comfortable with the method in which I would make money from deals.
I explained Dean's system of estimating FMV, and then subtracting for repairs, my percentage to wholesale, etc., then turning around and offering the property to an investor for $10,000 more. What can I tell him to reassure him, etc?
Thanks.
Andrea