Should I tell a listing agent that I am a wholesaler?

[Jonathan Hasan]

Hello everyone!

I am a new real estate investor starting out in wholesale. I have been trying to learn more about wholesale and have found out that there are two camps pertaining to this subject.

There are people who believe that wholesalers are a necessary part of the real estate ecosystem while others think wholesaling is an immoral cash grab by opportunists.

I want to be ethical and aboveboard throughout the process of the deal by telling the listing agent I am in wholesale before I start asking questions about the property. However, I am receiving conflicting advice on whether I should even disclose that.

What would the experts on this forum recommend? I dont want to lie but apparently a listing agent might be turned off from discussing the deal with me if i disclose.

Thanks in advance!

[Steve Morris]

Nah, "wholesaler" will either confuse them or upset them.  I'd just tell them how great your offer will be and make sure you mention:

1) I have no money and intend to put $0.00 in escrow

2) I really don't know who the actual buyer will be

3) I want to tie up your property as long as I can whilst I'm off posting my Day-Glo signs on the side of the road or mailing cheesy ma-and-pa letters with scrawl font.

4) I'm going to write at least 20% below FMV so I can make my slice