Obviously one could tell Im a rookie by the subject headline. I've been reading the Profit From Real Estate book nonstop since it came in the mail 2 weeks ago. Best thing I ever did! Im almost about wrapped up with it and already I have 2 potential deals on the table I need questions answered on before I move forward and start making my offers. Anyone who chimes in with input would be GREATLY appreciated!!
1st Deal question
I have a friend who is moving and wants to be out of the home by July. She is working with an agent/realtor to assist her in selling the property already. I told her about what I've been doing & how I could help with selling the property Jimmy Johns FAST. lol
MY QUESTION(s) IS.....Could I still do the assignment deals to assist in selling the property even though she is already working with a realtor?? Would I be stepping on the realtors toes in any way? Couldnt the realtor still get paid her commission off of whatever the home sales for at closing AND I still get my fee for assigning the equity in the contract to the buyer at closing? I am all about good business and a win win situation for everyone in involved. Id like to get my cut, the realtor get he/she's cut & my friend gets her property sold before she moves in July.....please advise!
2nd Deal question
My mother is in pre-foreclosure status on her townhome! She owes about 139k to the bank but the home is valued at 100-110 range. Is this a perfect short sale option?? Are these types of deals worth pursuing. Home is in good shape and I think would be a great deal for an investor to rent out for positive cash flow if sold at the right price.
Thanks for all your help in advance and I will be around the site often!