Wholesaling with realtor

[Armani Emon]

So, I am a new real estate investor, currently I am wholesaling.

I have a property but it is listed with a REA.

I want to get this home under contract and find a buyer, however I know that wholesaling with a realtor

and wholesaling with a regular motivated seller is completely different.

Can someone navigate me through this process?

For example,

1) If I have my own contract can my realtor and I use this contract instead of his?

2)If I am able to get this home under contract, will I have to show proof of funds? OR can I just come up with the money within a specific time period?( If I am able to get the home under contract without any restrictions I can surely get funding from my prospect buyer, however do realtors move that way?

[Andrew Turner]

@Jay Hinrichs @Lydia R. Full dislcosure: I am an agent with New Western based out of Atlanta. 

Given that you are still reading, I understand how and why you feel the way you do about companies like ours contracting and marketing listed properties. However, the value that our company brings to the table in a scenario like this is certainly there. If investors (whether they themselves are licensed or not) are able to buy a property quickly, easily, and cheaper (than the MLS price) through us, rather than communicating with multiple parties on submitting offers and waiting on those offers to be reviewed/accepted then potentially renegotiating and starting the process all over again, then I see no reason why we should be looked down upon for doing so. The hard work is done by the time we market subject listed property. Mindset being; "Here it is. If you want it now, no hassle; its yours. If not, then on to the next one." There are cases where we've been able to contract properties well over $50k under list price. A deal is a deal is a deal. If the numbers work for you, then why get caught up on where it came from or how it was acquired? With all of this being said, the majority of our properties are off-market, and there is no reason to assume that a company like ours, or any other outfit, is broke or lazy for doing such. I understand the misconceptions about this practice, but I simply wanted to clarify as much as I could. I hope this helps.