All Forum Posts by: Carl Flint

@Jay Hinrichs I never said anything about wholesaling from the MLS. But yeah I get your point.

@Eric James does the wholesaler write his/her own contract? Or is there like a universal guide to writing a contract?

@Don Konipol I’ve never heard someone bring that point up before. That’s really smart. I have two questions:

1. If you’re a licensed agent why do you have to “represent” anyone. You can’t just operate as a wholesaler and not under a brokerage?

2. What do you mean by principal?

@Don Konipol thanks for your post.

I like the way you described the role of a wholesaler and pointed out where/when his/her services would be of value.

So, as long as you have a license wholesaling real estate is perfectly legal?

@Brian Jaime yeah that makes perfect sense. I’m sure approaching it this way you may get more people to want to give advice and help through the early phases of your RE endeavors. Good info.

Hey guys

I have yet to do my first deal. I have 6+ months of research and the “learning phase” under my belt. At this point, I know that in my market I want to start with wholesaling.

I am going on realtor.com and other similar sites and texting/calling 10 agents a day just to say I’m an investor and I am looking for good cash deals.

I firmly believe that as long as you have a good deal then you’ve got something to work with. So, I’m on the hunt for a great deal.

Here’s what I’m afraid of: I don’t want to tarnish my name among the community as someone who talks a big game but can’t close... what if someone brings me a great deal to wholesale but I can’t find a cash buyer?

And conversely, if I go out and start networking with cash buyers as “someone who can wholesale them great deals” before hand to get a base of buyers... how do I avoid becoming known as the guy who can’t deliver when it comes time to deliver a deal?

Does that makes sense? Please help.

I’ve been more and more interested in wholesaling as of late.

Question: When you’re a wholesaler who is your primary demographic of customer? What I mean is who is the most common type of customer that buys wholesale deals? Is it individuals or companies? Who is the target audience?

@Mike Baxter

Yeah, that makes sense. Just have to swap out a few pieces of general info like address, price and other terms.

@Joe Villeneuve

What do you mean when you say there is no breaking even with Cashflow? It’s either positive or negative?

I understand what the words mean but I don’t see how you can’t “break even”... if your income was the exact same as your expenses on a property wouldn’t this be breaking even to some extent?

@Mike Baxter

Are contracts generally written for each wholesale/deal?

Or is it common for a buyer to write up a contract of multiple properties that you have to fulfill?