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Updated over 8 years ago on . Most recent reply
wholesale investing
Have a question bp are you able to do wholesale investing if your are a real estate agent can anyone help me out?
Most Popular Reply
Hi Jermey, I'm an agent also but I buy and wholesale around 20 houses a year. If you're going to be wholesaling you will be the buyer if you can not find an end buyer. In Missouri and many states you have to fully disclose in all forms of marketing and contact that you are a licensed agent, and you're looking at this house to buy, not representing them as an agent. With that being said you are a licensed agent so you should know more about finding the actual after repair value of houses and what it takes to fix them up. I also disclose in the contracts that I'm a licensed agent buying this house to make a profit. The sellers are very happy that we are taking care of their situation and we are being 100% honest.
Hope this helps.
Tim Thiemann