My Principal broker doesn't like the idea of wholesaling

[Dustin Miller]

Hello BP!

I'm a new real estate agent based in Portland, OR. I've been with my brokerage firm for 3 months now. My goal is to learn the basic process of retail deals, I've completed just one deal and have a few others in the pipe. I can already tell being a buyers agent is not what I want to do. I'm willing to do it to learn the ropes, but my business strategy is to find wholesale deals (land and rehab) with list back. I did some wholesaling before I became a RE agent and that's what I really enjoy doing. 

My principal broker says wholesaling is too risky and doesn't fit their business model. Is this true?? 

Does anyone have a recommendation of a brokerage firm in Portland, OR that would support my goals? 

Cheers!!

Dustin

[Paul Amegatcher]

I'm a wholesaler.  Sometimes I close on the properties other times I assign my interests.  What I have never done is trick a seller to sell me their property.  My offer to the seller is that I'm offering you an avenue to sell your property quickly without having to deal with realtors and unwanted guests in your home.  Most of my sellers know the value of their property and they also know that the current shape of their property will not get them the full market value.  Most of the properties that I acquire need at least $7K in repairs or more.  Sellers understand they have to discount their property to sell them in "AS-IS" conditions without repairs. 

The adage that wholesalers have to cheat little old ladies is as bad as all tenants call you at 3am for toilet overflows. It sounds great in saying but it never or rarely happens. Just had to give my two cents.

You can now get back to bashing wholesalers as evil, unethical individuals who are ripping off old ladies.  Thank you.