Real estate agent or whole sale investor ?

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  • Real Estate Broker · 3412 S. Harlem Avenue Riverside, IL 60546 · Member since 2015 · 6k+ posts · 5k+ votes
    7y

    @Bell Rosario in my opinion they are both a lot of work. I decided to become an agent because I think it is a much easier "sell" than trying to wholesale. The pitch as a wholesaler is that you can buy the house quickly and for cash no matter what, but you also need an inspection period to walk all your cash buyers through. You then have to try to explain things that are fairly challenging like a double close or an assignment of contract to an unsophisticated audience. Finally, you have to convince the seller that exposure to the market through the MLS won't be better/cleaner than your option...

  • Real Estate Agent · New York, NY (nyc) · Member since 2018 · 21 posts · 3 votes
    7y
    @John Warren i agree wholeselling is far more complicated and a tougher road but i teresting none the less . I am taking my RE course online after im done with some investor training for some reason i would like to give the seller the option of listing the home or a cash offer . Plus it gives me double shot of making a profit either way . Do you think thats to crazy of an aproach ?
  • Real Estate Broker · 3412 S. Harlem Avenue Riverside, IL 60546 · Member since 2015 · 6k+ posts · 5k+ votes
    7y

    @Bell Rosario there is nothing new under the sun. That approach is done regularly by agents who also wholesale. I think as long as you have the cash to close there is nothing wrong with this approach. 

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