Use Realtor as acquisition rep for out-of-state wholesaler?

Use Realtor as acquisition rep for out-of-state wholesaler?

Flipper/Rehabber · San Antonio, TX · Member since 2019 · 1 post · 0 votes

Is it possible to use a real estate agent as a “boots on the ground” acquisition rep? I live in California and have several hot leads in the Corpus Christi, Texas market. (Im originally from Texas). We source our own leads and have our own buyers, but we need a person with to physically check out the properties and meet with sellers face to face. Can you use a realtor for this? What would the pay structure look like?

0Reply
13 views

7 Replies

Jump to latestLatest
  • Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
    6y

    Yes, pay structure is up to you and them, some may prefer traditional commission upon sale, others hourly, or flat fee per visit.

  • Residential Real Estate Broker · College Station, TX · Member since 2013 · 1k+ posts · 969 votes
    6y

    @Tina Gordon. A Real Estate Agent, with some knowledge of remodeling / construction would be an ideal "boots on the ground" person for you. 

    Pay structure would be whatever you & the Agent work out. Difficult to give you a ballpark pay structure for the is type of activity as it really depends on what you want / need the agent to do. 

  • Rental Property Investor · Corpus Christi, TX · Member since 2019 · 306 posts · 176 votes
    6y

    @Tina Gordon

    I'm an investor here in Corpus. Let me know if I can be of any help. My partner has been in the business for 20 years and has extensive knowledge of the market as well as rehab estimates etc.

  • Investor · Castle Rock, CO · Member since 2011 · 107 posts · 65 votes
    6y

    @Tina Gordon.  If you are sourcing leads, properties and already have buyers and just need someone to verify the property, what exactly do you mean by, "we need a person with to physically check out the properties and meet with sellers face to face."?

    If this means you want someone to inspect the property and get more info from a seller, it may make more sense to hire a Home Inspector, who also has knowledge of HVAC and can also inspect roofs and be able to give an opinion on the structural integrity of the building (water drainage, cracks in foundation walls, heaved concrete flatwork), plus can also take a look at plumbing and electrical to look for issues and code compliance issues.

    Unless you need a BPO/CMA to confirm market value, not sure a local agent will be a value-add to you. If you question value, because as you know, value can be very different from one sub to another and value can be very much a block by block sort of question, then in addition to a Home Inspector, I would definitely solicit a local agent for a CMA, but you may want to offer them a stipend for their time. You and they can sort out what that means to you both.

    Best of luck in Corpus!

  • Real Estate Agent · Corpus Christi, TX · Member since 2015 · 37 posts · 13 votes
    6y

    @Tina Gordon, I am a REALTOR here in Corpus Christi and would love to help you out in your endeavor. Feel free to reach out to me and we can get the ball rolling!

  • Investor · Cape Coral, FL · Member since 2019 · 135 posts · 41 votes
    6y

    Yes, make them a partner if you trust them or an employee/contractor. Best of luck!

Join the conversationCreate a free account to reply, vote on answers and follow this thread.