I have three questions.
How does an assignment deal work with someone who has money for a down payment but has credit issues and cannot get a traditional loan?
Why would someone pay for an assignment when they could just find the property themselves?
What are the types of properties that are prime for assignment deals?
I am trying to wrap my mind around the process?
Hello Warice,
To answers your questions;
Who ever said you needed money or credit to wholesale houses?
The reason why they will pay an assignment fee is because “NO!” they cant just find the property themselves. That is why they need you.
Wholesale deals that you get dirt cheap.
Do some more research. Wholesaling real estate is not as hard as you’re making it sound. Lots of good information located here on this forum, I advise you to look around a bit then come back and ask the same questions.