Questions about a Realtor working w/wholesalers

[Shari Posey]

After reading this board I know most wholesalers are offering properties with too slim of a margin for most investors. I really couldn't find any posts about what wholesalers do with the properties they don't find buyers for. It appears most of the time they just leave the owner high and dry after tying up their property and then not selling it.

Am I missing something because it seems there's an opportunity for a Realtor, such as myself, to step in and offer it out on the MLS for regular retail buyers even as a short sale if there's not enough equity. Is this already a standard practice among wholesalers? I know rehabbers usually already have favorite listing agents in place but how about for wholesalers working with agents? Maybe wholesalers compensation for the lead/referral would be tricky if they aren't licensed.

[Jerry Puckett]

Originally posted by Shari Posey:

After reading this board I know most wholesalers are offering properties with too slim of a margin for most investors. I really couldn't find any posts about what wholesalers do with the properties they don't find buyers for. It appears most of the time they just leave the owner high and dry after tying up their property and then not selling it.

Hi Shari,

I've got to say that I don't think this is the best way to start a thread that you would like wholesalers to chime in on. Just my opinion mind you;I find the practice of stating presumption and personal belief as a knowable fact to be unsettling. Especially if it tends towards stereotyping.

That being said, there have been many times when I have wished to reach a greater number of buyers. There are some on this board who do put each property they put under contract on the MLS. Michael Quarels and K. Marie Poe have been very vocal about it.

But for me it presents a problem. One of the reasons I'm able to negotiate the price I do is the benefit of a quick sale. "No sitting around waiting for your property to sell" The price they get means no closing costs, repairs (and many need them to lender qualify) and no Realtor commissions.

Properties that I am not able to negotiate price on, I refer to Realtors in my network. I may talk to 100 people in a month to get one deal. Of the other 99, a good 50 are tire kickers, and most of the others will go on to list their houses.