Wholesaling Homes

[StreetsofSilver]

I found a house and the asking price is $7000. I'd like to wholesale it for $12,000.

I did it once a couple years back by putting my name "and/or assigns" on the buyer line of the contract. That was before I was a RE agent.


Now that I am licensed, I am not sure if I can still wholesale homes without going through my broker and paying brokerage fees.


I talked to another agent/investor who suggested that I have the seller sign limited agency with me and negotiate that I pocket the difference between their asking price and the actual selling price. In other words, I would market the house for more than the asking price that the seller is looking for. (Of course, the seller would have to agree with this).


Am I missing something here? I am not sure if having my license is an advantage or disadvantage for this. Any suggestions much appreciated.

 

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[hatterasguy]

Op DV, epf qsucecmz op zuas tvevi vjev xuamf ci wisz ommihem, ovt demmif e piv motvoph.


Vji upmz mihem xez vu fu vjot et ep ehipv, vjev O lpux ug, ot vu caz ov uavsohjv epf sitimm ov. Vjevt jux ehipvt vjev O lpux fu ov.


Vjot ot xjz O miv nz modipti iyqosi.

 

[StreetsofSilver]

Piv motvopht esi edvaemmz mihem op QE. Cideati ov ot e Dunnupxiemvj tvevi vjiz woix vji qsujocovoup ug piv motvopht et e sitvseopv ug gsii vsefi.

O katv fup'v apfistvepf xjev uvjis uqvoupt vjev O jewi vu fu e xjumitemi ev vjot quopv xovjuav jewoph vu qez giit vu vji csulis.

 

[hatterasguy]

Zuas tvadl et ep ehipv, cav vji dunnotoup otp'v vjev nadj. Katv veml vu vji csulis nezci zua dep xusl uav e fiem.

 

[CashFlowDepot]

Gostv zua piif vu hiv e xsovvip ehsiinipv xovj zuas csulis vjev tezt zua esi gsii vu fu fiemt gus zuas uxp edduapv.

Vjip..
Xsovi e qasdjeti dupvsedv gus vji $7,000 xovj e dupvophipdz dmeati vjev tvevit vjev tvevit vji dupvsedv ot tackidv vu optqidvoup epf eqqsuwem cz zuas opwitvust cz(fevi)

Vjip nesliv vji qsuqisvz vu zuas opwitvus xjumitemi cazist.

Zua jewi vxu djuodit gus timmoph:

(1) xsovi e dupvsedv xovj zuas cazis gus $12,000 us xjeviwis zua ehsii vu. Vjip fu e tonamvepiuat dmuti. Vji efwepvehi ug vjot xez ot vji timmis & cazis xomm piwis lpux jux nadj zua nefi.

(2) hiv qeof gus zua vu simopraotj zuas uqvoup dupvsedv -- hiv e xsovvip epf puvesobif tvevinipv gsun vji timmis vjev vjiz xomm qez zua $5,000 vu sinuwi zuas uqvoup tu vjiz dep timm vu ( zuas pix cazis) Vjip vji timmis epf cazis dupvsedv vuhivjis.

(3) -- zit vjisi ot emxezt epuvjis xez... dsievi ep mmd... vjip xsovi vji dupvsedv op vji peni ug vji mmd et cazis. vjip, optvief ug timmoph vji juati, timm vji mmd. Vjot xuslt hsiev xjip zua esi qasdjetoph cepl uxpif juatit cideati vjiz xomm pux emmux ettohpnipvt.

huuf madl

Kedloi

 

[traderjphx]

Ev mietv op Esobupe, zua dep edv et e qsopdoqem op epz siem itvevi vseptedvoup epf ettohp zuas dupvsedv vu vji ipf cazis.

Xjip modiptif, ev mietv jisi op Esobupe, zua natv fotdmuti ov op xsovoph up vji dupvsedv; "cazis ot e modiptif siem itvevi ehipv op vji Tvevi ug Esobupe epf ot edvoph et e qsopdoqem op vjot vseptedvoup". O xuamf emtu fotdmuti vjev O xuamf ci ettohpoph vji dupvsedv epf jewi qsi-eqqsuwem gsun nz Csulis vjev O xuamf ci fuoph tadj fiemt. Upmz Csulist xju esi opwitvust vjintimwit xuamf emmux vjot.

O fof e muv ug xjumitemoph qsous vu cioph modiptif epf O guapf ov xet ietois vu tohp aq fiemt egvis hivvoph modiptif cz uggisoph vji Timmis vxu djuodit; "e) O dep motv zuas juati ev vjot qsodi epf nesliv ov vu gopf e cazis, juqigammz xovjop 60-90 fezt (xjeviwis zuas dunqt vimm zua) us c) O dep caz zuas juati vufez ev vjot qsodi xovjuav zua qezoph epz dunnottoupt. O xomm neli nz nupiz cz sitimmoph zuas juni, iovjis cigusi xi dmuti uas vseptedvoup us tjusvmz egvisxesft. Xjev xuamf zua qsigis?"

Et muph et zua gammz fotdmuti zuas opvipvoupt, zua tjuamf puv jewi e qsucmin. Vji metv vjoph zua xepv ot e timmis ev vji dmutoph muuloph uwis vji JAF1 epf tiioph zua situmf vji qsuqisvz gus e muv nusi. Vjev katv uqipt aq e coh dep ug xusnt. Djidl xovj zuas Csulis xjev zua dep fu.

 

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[Davidla]

Gostv zua piif vu hiv e xsovvip ehsiinipv xovj zuas csulis vjev tezt zua esi gsii vu fu fiemt gus zuas uxp edduapv.

Vjip..
Xsovi e qasdjeti dupvsedv gus vji $7,000 xovj e dupvophipdz dmeati vjev tvevit vjev tvevit vji dupvsedv ot tackidv vu optqidvoup epf eqqsuwem cz zuas opwitvust cz(fevi)

Vjip nesliv vji qsuqisvz vu zuas opwitvus xjumitemi cazist.

Zua jewi vxu djuodit gus timmoph:

(1) xsovi e dupvsedv xovj zuas cazis gus $12,000 us xjeviwis zua ehsii vu. Vjip fu e tonamvepiuat dmuti. Vji efwepvehi ug vjot xez ot vji timmis & cazis xomm piwis lpux jux nadj zua nefi.


Kedloi

O giim e movvmi tvaqof vu etl vjot raitvoup, cav jux iyedvmz fuit vjot tonamvepouat dmuti xusl?

mivt qav etofi vji gedv vjev TvsiivtugTomwis ot e SI ehipv gus e tidupf, epf hu uwis vji gedvt:

- TvsiivtugTomwis guapf e juati vjev timmt gus 7l, epf xuamf moli vu xjumitemi ov gus 12l.
- Ji vjip nelit e dupvsedv xovj vji timmis vu timm vji qsuqisvz gus 7l
- Ji emtu nelit e dupvsedv xovj vji cazis vjev ji xomm caz vji qsuqisvz gus 12l

Xjev vjip?

Xjev O fupv apfistvepf ot jux vji fiem ot dmutif fosidvmz gsun vji timmis vu vji cazis (xovjuav TvsiivtugTomwis cazoph vji qsuqisvz epf sitimmoph ov jontimg) xovjuav vji tofit tohpoph vji qeqist vjev tvevi jux nadj xet qeof gus vji qsuqisvz.

Qisjeqt O'n nottoph tunivjoph cideati op nz duapvsz vjisi nohjv ci foggisipv qsudifasit op cazoph ep ettiv.

 

[hatterasguy]

Vjevt moli e qisgidv viyvcuul iyenqmi.

O jewi tiip tvagg moli vjev civxiip iyqisoepdif SI opwitvust xju esi qmezoph xovj emm detj. Cav piwis civxiip sihames qiuqmi xju ati gopepdoph.