I am now convinced.....

[Karen Hurd]

I am now convinced that It's not the wholesaler who is a hindrance, but the realtor. I have called roughly 25 realtors. I explain to them everything that I do, because in the state of New York you can assign a property. It's in the contract. I met with all except for 4 or 5. They all said the same thing...Yes, I would be happy to find distressed, motivated...etc...for you. Yes, I would be happy to throw you listings before they go up. Yes, I would be happy to run the comps for you. I go home feeling good. I call, I email...Nothing. Absolutely nothing. This is not on the weekends....I know that's when they are showing houses, but during the week when I have gone into their offices and noticed several realtors asleep at their desks. 

I finally find the right one. He's the broker too and runs the show. He spends 2 hours with me, we are talking and listening to each other and at the end of the conversation, we set up a day and a time to look at the perfect house for one of my cash buyers. He says he will call at noon. Nothing. I wait until 1:30pm, because I know how things come up, to call him...I leave a message. Nothing. At 2:45, I send him a text. Nothing. For the rest of the beautiful day, that my daughter was in New York and happened to be off....absolutely nothing. No jury would convict me. 

I think I'm going to give up and that's just not me, but I have worked morning, noon and night on this for 3 months. I have slept 4 hours a night because I am doing research on the computer, trying to find the right realtor, getting all my paperwork in order....just working so hard. 

I cannot remember the last time I felt this lugubrious and heavyhearted. I walked away from that meeting on cloud nine because he completely understood everything that I explained to him and how wholesaling worked. He loved the idea!! 

I'm not taking 50% of any wrongdoing , 85% or 99%. I blame him 100% for being selfish, discounteous, and uncaring with regards to someone's livelihood. And, If there is one thing that I cannot stand is a person messing with another persons livelihood,

What a shame. 

[Jon Holdman]

Are you trying to wholesale? Off the MLS? I think that's a VERY tough route. Better to do your own marketing to find sellers. Anyone can see the listings on the MLS. A wholesaler who's just getting MLS properties under contract, marking them up, and passing them on is wasting everyone's time. Any investor could have bought those properties directly. The wholesaler adds no value.

Agents are looking for buyers.  Not someone who's going to find a buyer.  That's what the buyer's agent does.  Many don't understand wholesaling at all.  Those who do probably know you're going to consume a lot of time writing lowball offers that will go nowhere.  And that you're not going to buy the property, only try to find a buyer.  And if you don't the deal is going to fall apart.

An agents job is to help buyers buy and sellers sell.