Wholesaling property owned by a Realtor

[Nikki Robinson]

Does anyone have experience with putting a Realtor's property under contract and assigning it to an end-buyer?

Tomorrow I'm going to do a walkthrough of a property with a two-story SFR and two 1200 sqft apartments in the back. The owner is a Realtor, who owns other rentals and needs money to complete the rehabs on the other properties.

Will he be getting commission at closing? Do you think he'll have an issue with me collecting an assignment fee on a property he could have sold himself?

If you've done this before, was there anything significantly different about the wholesale process because of the seller being a Realtor?

[Elliot Smith]

I just wholesaled a duplex that was owned by an agent 3 weeks ago. She was very pleased that I was able to get the deal done in 9 days. She got her price and that was all she cared about. She even took some of my cards to give to other people! 

Elliot Smith