One Way to Develop a Solid Wholesale Reputation.

[Michael Rivers]

Many people just getting started with little capital turn to wholesaling for obvious reasons.  Most of the articles I've seen posted by investors here is 'Here is why wholesalers suck' and not 'here is how investors and wholesalers can help each other'.  

Let's face it, if wholesalers knew the real estate investment and rehab world inside and out (like most investors expect them to) THEY WOULDN'T BE WHOLESALING.  They would be putting deal analysis in front of their own private investors and they would instantly be your competition.

With that said, I would like an investor's point of view on this situation:

I am a new REI in the Boston area who can find motivated sellers (NOT 'DEALS') - Does it make sense for me to:

1) Take initial call from the seller, getting as much info as possible

2) Put information in front of MY buyers list, and ask them to deduct my fee [ideally 10k to start- (these properties ARV is between 500k and 1.5M)]

3) Ask my buyers for THEIR number to put the deal under contract (I can still send the buyers list my own rough numbers just for sh*ts, as I should be practicing anyway)

4) Bring the first buyer who is available from my buyers list to the very first consultation (as my partner) with the seller to give them 'our' price

5) If the seller is okay with it, my buyer puts it under contract and cuts me a check for my fee upon closing.

Is this a situation that investors out there would consider in order to help wholesalers build a better name for themselves?  This way they (end buyer/investor) have the flexibility to negotiate the deal based on the wholesaler's fee instead of the lack of flexibility that seems to often come with the wholesalers inability to correctly estimate rehab costs and run accurate comps.  (Although wholesalers should still be attempting to do this and get better at it with every single motivated seller)

Thanks All!

Chime in if you are a Boston wholesaler, Boston rehabber, or Boston Investor.

[Jay Hinrichs]

I would check with your state real estate licensing agency.. and ask them.. this sounds like brokering without a license which could get you in trouble.

Plus savvy investors at that price level could easily just cut you out.  

in high priced markets like Boston the play is to be a real estate broker and get listings and build a real business.

ask @Russell Brazil who works high priced DC..  it takes time to build your business but once you have those markets

will allow you some really great income.  Plus your working in the industry not in the shadows..