Working with a Real Estate Agent

[Yolanda Eiland]

I’m a new wholesale investor. I have a question for the group. I have a Real Estate agent in Austin, TX trying to get me to Wholesale a house in Dallas, TX. The RE Agent does business in both Austin and Dallas. Why would she need my help.

The house has been completely renovated and the neighborhood is decent. To my understanding there’s absolutely nothing wrong with the house. She says the house is her dads house and his reason for selling is personal.

According to DCAD (tax assessors office) her dad just bought the house this year. And has recently renovated it.

She’s asking for $100 option fee

$1000 earnest money and Proof of Funds Letter

I have nothing but her word that her dad is even trying to sale the home. But nonetheless she’s a RE Agent and has other homes listed in the Dallas area. Why would a RE Agent that has houses listed need a wholesalers help with getting a Buyer.

Based off of a previous conversation I’m having trust issues with this deal especially because I think she’s trying to get my Buyer’s information.

What’s your take on it. Am I being paranoid or does this deal sound fishy

[Michael King]

If you have trust issues with the realtor then is that not a big enough red flag for you? 

If it looks to good to be true...it's probably too good to be true.