Updated over 10 years ago on . Most recent reply
Do Investor like Wholesalers
Wholesaling has it's benefits but when you are on the buying side why would you even deal with a wholesaler when you know they are charging you more than the asking price. Being a realtor and Investor I can see what properties are selling for, market value, comps and the whole 9. Working with a Realtor insures you are protected thoughts.......
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#3 Marketing Your Property Contributor
- Flipper/Rehabber
- Arlington, TX
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#3 Marketing Your Property Contributor
- Flipper/Rehabber
- Arlington, TX
A wholesaler is a marketing person. They find deals off-market. All the deals we are looking for are off-market opportunities that real estate agents rarely see.
That said, most "wholesalers" are "newbies" that often are just fumbling around, tying up properties with no good plan on how to consummate the deal.
GOOD wholesalers are excellent marketers that have a large list of REAL cash buyers. Those cash buyers are often not great marketing people, so it's a complimentary relationship.
I have a real estate agent partner, and she is one of the most valuable people on my team. But she rarely finds me deals on the MLS. But I often find sellers that are not in a hurry, not a distressed house, and those end up being listings for her. So, here again it's a very complimentary relationship and I would completely support your idea that all investors NEED an agent partner. I just don't get my DEALS that way. To find motivated sellers with distressed properties & situations, someone needs to marketing. Great wholesalers are great marketers with large networks of real cash buyers.
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