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Updated over 6 years ago on . Most recent reply

User Stats

76
Posts
27
Votes
Erik Schneider
  • Flipper/Rehabber
  • Henderson, NV
27
Votes |
76
Posts

Do I need an agent to buy wholesale?

Erik Schneider
  • Flipper/Rehabber
  • Henderson, NV
Posted
This may seem like a stupid question, but hey, I’m new to this. I have a decent amount of cash and am looking to find my first fix/flip property. If I find a good deal driving for dollars or through a wholesaler, will I need a purchasing agent, or can I just go through a title company to get a property under contract? Thank you in advance!

Most Popular Reply

User Stats

196
Posts
130
Votes
Patrick Daniel
  • Rental Property Investor
  • Pensacola, FL
130
Votes |
196
Posts
Patrick Daniel
  • Rental Property Investor
  • Pensacola, FL
Replied

You can represent yourself when you purchase a home. When it is an off market deal, generally buyers are required to pay for their agent out of pocket. 

We generally do not use an agent when buying off market. Just ensure you are reading your contract, that it is a legal contract, and that you know what you are signing. I had a Wholesaler try to sneak in $2,500 of extra fees on my last purchase just to see if they could.

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