All Forum Posts by: Marc Maitre

The only way is to lock it up with transactional funding or your own money, then assign it. But why are you on the MLS is the hardest thing to do as a wholesaler. Unless you have money saved up to do the deal yourself that's the only way I think it works. Going off the market is harder and has lots of painful lessons, yes, but wholesaling on Mls is not it unless you have tons of experience. There's literally nothing you can do about it if they decide to contact that realtor.

I've done wholesale deals, and never once have I come up with the EMD. Once you find a buyer, have them submit the EMD to the title. Not sure if this is bad practice or not but that's how I was taught. Seller asks for EMD ok, no problem, find buyer, have buyer put down EMD. At the end of the day, if the seller is truly motivated, getting their money is all they care about.

I wouldn't recommend it for newbies, as there are many variables to consider. But if you are broke and have no money working on market deals is a waste of time. But if you find a good on-market deal that you negotiate with the seller's agent at a reasonable price, and you can double close on it, then turn around and assign it. Then that's different. But that only work if you already have the capital to take the property down. But equity has to be there; most On market property I've seen when I looked into this strategy had no equity, and the agent didn't know about the wholesaler, so I had to spend time explaining everything, and they tried to get me to be on contract, it was a whole mess. The entire point of Wholesaling is off-market properties, but people are too lazy to grind and find those, so they want to take shortcuts by looking at MLS deals. Lol do the work.

 This right here wheew, best answer I've seen. And like the gentleman above said. If you let the seller know that, hey, I am a realtor investor, but I am not here to represent you; I am here for my interest at getting a good deal for my portfolio, etc., and you have them sign a Purchase Agreement that has that clause or statement in there. then I think you should be good to go. 

The best advice I can give wholesaling is not complex. Take a month. Learn all that you can about wholesaling and the market you are in. Start by learning how to market to seller but if that's too hard at first try building relationships with buyers in groups and at networking events. Be a bird dog because that will teach you how to market for deals. Do that for a few months and see if you can find them a deal. But I would focus on deals first because you can find buyers with a good deal; I don't subscribe to the whole focus on buyers list first. Not bashing anyone that does; deals are harder to find, and buyers are anywhere and everywhere. 

Go to 

https://www.flipwithrick.com/m... and register for his free course. It will teach you everything to get you started. 

well said, I second this post lol 

ReSimply, CallRail, Mojo, Batch. They are all trial and error, pick one, use it you don't like it go to the next. Get one where you can buy different numbers in the CRM 

Nothing out of the ordinary here, if they are buying the deal as investors, then there shouldn't be any fee, or at least I would negotiate. Or if you find a deal for their clients they need to pay you a fee, not the other way around if I am understanding your question correctly. 

Considering you can't wholesale there anymore I would definitely make friends with realtors and a simple one-pager hasn't hurt anybody in the game, don't over complicated if you really want to make sure you're secure go to a lawyer and pay that fee to have them write one up. 

Your repair value (ARV) is simply what the property is worth fixed up. Comps are what has sold in an area of .5-1mile. Don't use comps that cross major highways or sub-divisions. Keep them tight. Use Zillow, redfin trulia, MLS, realtors, etc. Estimated repairs can get from contractors. But you're better off just googling questions like this; make youtube your best friend.