First wholesale deal

[Tyriek Hull]

Hello,


I’ve done two flips but haven’t worked with a wholesaler before. I have a deal I am considering which brings me to my question. I’ve used the same realtor who has been pretty awesome both properties went under contract within a week he’s listed for me. He’s thorough and with me being new to a wholesaler my question is; 

Should i let him be apart of the deal with wholesaler? Do realtors work lower commissions since he’s just there to oversee the deal and paperwork? 

My plan for property is to rent after rehab which the same realtor has a property management company we’ve discussed using. 

Thanks everyone 

[Preston Dean]

Hi @Tyriek Hull You can 100% buy the property without you realtor for a wholesale deal. The agent wont be able to provide you much other than support since its a wholesale deal.

If you want to include your agent in on the fun just throw a 1% fee their way and just let them do the rest.

[Tyriek Hull]

Quote from @Preston Dean:

Hi @Tyriek Hull You can 100% buy the property without you realtor for a wholesale deal. The agent wont be able to provide you much other than support since its a wholesale deal.

If you want to include your agent in on the fun just throw a 1% fee their way and just let them do the rest.

 Awesome, thanks for responding. I may do that because he has already been working with me analyzing the deal. Thanks 

[Michael Smythe]

@Tyriek Hull most important is getting title insurance and closing with a Warranty Deed, not a Quit Claim Deed.

Only reasons to use agent:

1) Leverage their knowledge and they may save you serious mistake
2) Someone has to do the paperwork!

Good luck.