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Updated over 14 years ago, 05/25/2010
Ethical or Not - Need Advice
I help investors purchase investment homes in my city. I have many clients who buy from me and I do a great deal to make sure they are happy. Lunches, dinners, gifts when they purchase, time invested driving around showing them homes, etc. For the most part they are well taken care of by me. Now for the hard hitting issue.... There are many wholesale investors where I live, many small time one man shows and some larger companies like who I work with. I have a client who has purchased 10 homes cash from me in the last 3 months. This is public record and shows up in the newspaper about a week after the close. My client told me the other day that he has received phone calls from some other wholesale investors ( who I know ). I cant help but to be pissed about this. To me its one of those unwritten rules that you should find your own clients. I look in the same paper also and see my competition make sales and the names of their buyers, I could easily contact their buyers but I do not b/c I do not want to earn a reputation for stealing client. Now, if someone contacts me either through my website or other means, then I will work and sell them a home.
I would like to hear what others think about this? Do I call this other guy and tell them to back off? Do I just sit and do nothing and let my client buy from them? My aggressive side wants to give a beat down but my professional side says do nothing. ??
- Curt Davis