Advice as a realtor.

[Jacob Olivos]

I want to start by thanking this site and the people in it, I have gotten all my questions answered quickly and with more detail than I can imagine, I'm happy to learn and hope one day I can pass along the favor . So I just passed my state exam and I am looking to hang my license. I found a broker that goes to distressed properties on auction lost and asked to buy it and then wholesales it, is anyone familiar with this method or have advice on how to make money with these deals. As a license I would get 1.5% when he buys the property from the bank and 1.5% when it's sold . The idea is 4 a month and that's not a bad living. How hard would it be? How realistically are those goals? Thanks for any feedback.

[James Free]

Hi Jacob,

A part of this, I think, depends on your market. In SoCal stuff moves when priced right. So wholesaling four properties a month wouldn't be an issue. It's an interesting concept for an agent. You don't get a big split but you get fed consistent deals. From that stand point it works. However, you will be missing out on considerable training that traditional agents typically receive. If your investor stops for any reason, you're back at square one. However, you will have learned an interesting angle that I bet the vast majority of agents won't know. In time, you could find more investors and repeat this process. 

Plus, it's one month. If your guy isn't buying the four deals you can always apply with the local brokerages. Good luck to you...