You probably mean, Realtor, and yes, if you can find FSBOs selling at less than market value, you can go into contract to purchase with the homeowner, and employ a real estate broker to market the property with you as Seller (John Doe,Contract Purchaser).
Is it hard to find FSBO that is asking low? How low does it have to be to make a profit when you take in to account the money you will owe the realtor and other fees? I dont really want to get into the Foreclosure business because there are too many legal headaches. I thought that this might be a better idea.
IMO, you will be searching a really long time to find a FSBO low enough to cover all the costs involved. Just the agents commision is going to kill most deals right off the top.
Forclosures is only 1 aspect of REI, but they all involve risk. Keep reading and you will find what works for you.
Best of luck to you in your search. These boards have a wealth of information.
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You probably mean, Realtor, and yes, if you can find FSBOs selling at less than market value, you can go into contract to purchase with the homeowner, and employ a real estate broker to market the property with you as Seller (John Doe,Contract Purchaser).
Is it hard to find FSBO that is asking low? How low does it have to be to make a profit when you take in to account the money you will owe the realtor and other fees? I dont really want to get into the Foreclosure business because there are too many legal headaches. I thought that this might be a better idea.
IMO, you will be searching a really long time to find a FSBO low enough to cover all the costs involved. Just the agents commision is going to kill most deals right off the top.
Forclosures is only 1 aspect of REI, but they all involve risk. Keep reading and you will find what works for you.
Best of luck to you in your search. These boards have a wealth of information.
Dave