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Updated about 5 years ago on . Most recent reply

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Phil Winn
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New wholesaler looking for advice

Phil Winn
Posted

I’m a new wholesaler in Northern California and i am out searching for properties. My market here is very expensive and in finding a lot of properties on Zillow but the prices are very hi and none is coming down. I realtor giving me properties leads but she wants to represent me as the buyer agent and the houses are expensive. My buyers are not liking any properties. I’m looking for any advice on where to start here in California. Any advice is great. Thank you.

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Marcus Maloney
  • Wholesaler
  • Queen Creek, AZ
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Marcus Maloney
  • Wholesaler
  • Queen Creek, AZ
Replied

@Phil Winn as @Barry Pekin stated you need to look for off market properties so this takes marketing. A Realtor representing you as a buyer agent will get frustrated soon when you start to ask him/her to make lowball offers. Also with a Realtor you are cutting out 3% of what you can make and this is coming from a Realtor.

@Robert Tucker its all about perspective. Yes its more competitive but there are millions of properties and sellers and not all of them will sell with a Realtor. You have to be persistent many people are making money wholesaling including myself. 

Hope this helps "Enjoying the Journey"

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