Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jerimi Hoffhines

Jerimi Hoffhines has started 2 posts and replied 8 times.

Post: Wholesaling and MLS Arrangement

Jerimi HoffhinesPosted
  • New Bern, NC
  • Posts 8
  • Votes 0
Originally posted by @Brett Snodgrass:

@Jerimi Hoffhines  

When I started wholesaling I went through an agent for when I needed, but when I saw the commissions they were getting I went and got my license:) So I'd say it's fine to pay a small fee at the beginning, but to consider getting one yourself once you know you're in it for the long haul.

 Went through your website. Good stuff.

Post: Wholesaling and MLS Arrangement

Jerimi HoffhinesPosted
  • New Bern, NC
  • Posts 8
  • Votes 0
Originally posted by @Account Closed:

@Jerimi Hoffhines It sounds almost as though you're playing the middle man between the seller and the agent. In this case instead of paying the 6% to the agent, it's whatever amount you two have agreed upon already.

So, she's going to be marketing it on the MLS trying to find you buyers? I was unaware that you could list properties you have under contract on the MLS. I've never heard of this being done before so I'm confused as to how this would work.

 As I understand it there would need to be a listing agreement signed by the seller. The rules vary from area to area. And its confusing us a bit as well.

Post: Wholesaling and MLS Arrangement

Jerimi HoffhinesPosted
  • New Bern, NC
  • Posts 8
  • Votes 0
Originally posted by @Account Closed:

@Jerimi Hoffhines Are you saying that you and your friend have an agreement where she will list the properties you get under contract to sell them and will collect a fee at closing?

Post: Wholesaling and MLS Arrangement

Jerimi HoffhinesPosted
  • New Bern, NC
  • Posts 8
  • Votes 0

@Amber Forkey I would pay her her fee after Ive collected mine, or if absolutely necessary when she lists.

Post: Wholesaling and MLS Arrangement

Jerimi HoffhinesPosted
  • New Bern, NC
  • Posts 8
  • Votes 0

Ive recently been looking at getting in to wholesaling and one of the opportunities that came up was, a friend recently got her realestate license and has access to the MLS.

She has agreed to list for me for a flat fee to be paid after the sale.

Im wondering what are the pros and cons of this arrangement ? What are some things to look out for? And would you do it if you were me? Thanks

Post: Hey everyone new kid in town

Jerimi HoffhinesPosted
  • New Bern, NC
  • Posts 8
  • Votes 0

and David. I ussd to live in Hamilton. I miss skyline chilli like you wouldnt believe. Lol

Post: Hey everyone new kid in town

Jerimi HoffhinesPosted
  • New Bern, NC
  • Posts 8
  • Votes 0

i have no illusions of ot being get rich quick. But those 5k sales stack up nicely i would suppose. Any advice is much appreciated.

Post: Hey everyone new kid in town

Jerimi HoffhinesPosted
  • New Bern, NC
  • Posts 8
  • Votes 0

hi guys. Getting ready to get into wholesaling in Eastern NC. Getting ducks in a row and soaking up knowledge.