Realtors Have to be able to help!!.....how....?

[Andrew Mazzenga]

I posted earlier about reaching out to realtors and them telling me i should need a license to do wholesale deals. Turns out that you dont BC you have equitable interest in the property because of your earnest money.. makes sense!!

The reason i was reaching out to some of the realtors that i know in the area to feel them out about the market and also the area that i want to try to get into (geographical) with the wholesaling side of investing. The one seasoned realtor that i was talking to told me that she know of no successful wholesalers in my area. I live about 35 min outside of philadelphia in the suburbs of Chester county (west Chester to be exact) The area is a pretty prominent area with a lot of sections of Old money, big houses sits right on the main line... i am curious if i may be looking into the wrong area to start this dream that i have...I rarely see a "cash for houses" and that kind of thing.

I also talked to another realtor that said that he thing this kind of business is only good in a "hot"market.... I dont know, I am curious if i would be better off looking within the city but if i do that i will be competing with the 30 other cash for houses signs so on and so forth... like i said before, i have a lot of really strong relationships with a good amount of realtors that i would love to tap into if there is a logical and profitable way to do so. I think they would be a great resource and i would love the to be able to get me the comps on properties that i thing will turn a profit, im just not sure how.... any suggestions?

I have found that my biggest roadblock thus far is finding motivated sellers, and frankly im having a hard time wrapping my brain around why they would be agreeing to sell their home to me for such a discount...30-40%+ under retail. with the exception of needing to move very quickly i don t really know what would posses my to make such an unprofitable move if i were them.

Sorry for the wordy post but i have so many questions!! but i really appreciate all of you seasoned investors lending of novice guys a helping hand!!