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Updated over 7 years ago on . Most recent reply

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71
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Joseph Theriault
  • Nashua, NH
25
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71
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Pros and Cons of becoming RE agent while a wholesaler?

Joseph Theriault
  • Nashua, NH
Posted

Pros and Cons of becoming RE agent a wholesaler? What are your thoughts if you want to pursue RE full time? 

Most Popular Reply

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2,341
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877
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Shaun Reilly
  • Landlord and Rehabber
  • Newton, MA
877
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2,341
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Shaun Reilly
  • Landlord and Rehabber
  • Newton, MA
Replied

Joe as someone that works in the state(s) you are interested in and has a licence in one of them I can say that I have and I know lots of people that are agents and also will wholesale.

No idea what this stuff about not being able to get an assignment fee or even sillier not be able to buy and resell on like a double close.

Yes you need to disclose you are an agent.  The end...

Now to keep your nose clean if you market for LISTINGS I would not try to wholesale something that came out of that. If you get a listing out of wholesale marketing, not a big deal. Now if you do list a place and after like 2 months the seller comes and says they now are ready to just dump it, to bad you now have that fiduciary duty. However you can just bring it to your buyers list and double end the MLS sale which can be more than you might have made anyway since our houses are quite pricey so commissions on junkers can still be many thousands of dollars.

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