Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

77
Posts
16
Votes
Thomas I.
  • Flipper/Rehabber
  • Metro-Detroit, MI
16
Votes |
77
Posts

Wholesale Leads and Licensed Agents

Thomas I.
  • Flipper/Rehabber
  • Metro-Detroit, MI
Posted

Hello BP,

Not sure if this should be in this forum or in Wholesaling..

So, I have been learning how to Wholesale properties to get my feet wet in the investing game.

One thing that intrigued me as an agent is receiving calls from so-called "unmotivated" sellers that don't really fit the "gotta sell now" wholesale criteria.

Even though these people aren't great for a wholesaler, they seem ripe for an agent.

Does anyone have experience with this? Are sellers turned off to listing their homes with you when you initially contacted them as an investor?

Do more referrals come out of these calls than actual listings? (I'd take both, TBH)

Most Popular Reply

User Stats

1,893
Posts
2,225
Votes
Dev Horn
#3 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Arlington, TX
2,225
Votes |
1,893
Posts
Dev Horn
#3 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Arlington, TX
Replied

Many of the investors in our programs are also licensed agents or brokers, and I'd go so far as to say the the most successful ($$$) ones we know are both.

Think about it - as an investor, you invest in marketing and find that 1 in 20 are "deals". What do most do with the other 19? COMPLETELY WASTED. Very few even follow up at a later date.

An investor/agent may have the same lead to deal ratio as an investor, but they also LIST 6 of the 20, which completely pays for their marketing (and then some) so the $$ made from flips are all profit.

Which one of these 2 has a model that offers them the BEST OPPORTUNITY for long-term success?

Don't think of yourself as a "wholesaler" or an "agent". Think rather, "I'm a residential real estate SOLUTION provider."

  • Dev Horn
  • Loading replies...