OfflineTrying to work with RE agent, POF and REOs, HELP
Hi everyone,I have read so much on this DG site and am still learning. I had finished the book about a week ago and was looking for an agent.Not sure if I've actually found the one that is a keeper, but will give her a chance.And keep looking for the right fit!! I have been looking at REOs,Can someone please help me as to how I can do this. You cannot "assign" Bank owned REOs here or at least on the properties I have checked out. POF and Earnest money have to accompany every offer. I too will have to use Coastal Funding LLC to get that, but please tell me how I can make the money on this like an Assign. I have 2 buyers/investors that I wouldn't necessarily want them to see quite how much I would make, but... Now I did read about adding a buyer and having them overpay escrow, but these buyers/investors are not cash buyers,they would be getting a mortgage, how does this all come into play? If they are not paying cash how does this work? Please help clear my brain.
I just found an absolutely wonderful realtor to work with, but I'm not quite sure how she would be paid for her services to me. She's not sure either since basically her payment comes from he company and not from the client themselves. I really want to work with her. Please help
Basically a Realtor gets payed a commission or how we like to say it compensation for our services. The seller of the property usually pays out 6% in commission/compensation 3% to the listing agent and 3% to the buyer's agent. Hopefully this answers your Q.
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