Originally posted by @Oscar Cardenas:
Originally posted by @White Kandlez:
Originally posted by @Oscar Cardenas:
@White Kandlez
Hmm, haven't really met an active busy realtor that doesn't know what a wholesaler is by now. We realtors get flippers looking for off market deals all the time so we tend to have a small list of people to call first based on previous deals. And that's only if the seller has expressed an interest with staying off market because a realtor has a fiduciary duty to the sellers so that vast majority of deals will go straight to the MLS.
Maybe you did get lucky though and found a realtor who is breaking fiduciary duty a lot to give investors off market deals and you happen to be one of the few investor she knows. 🤷🏽♂️
OR perhaps the properties she wants to send me she doesn't want to list on MLS because the properties are "embarrassing" ? Not sure how that works! Thanks!
Hmm, Maybe you are correct. Detroit might be a unique market with the past it went through. I personally would never turn down an ugly property to list lol and neither would any realtor I know but that is because there aren't many terribly ugly homes here. Anyway, I wish you luck!
Thank you, my guess too is if she doesn't really work with wholesalers and investors she doesn't know these kinds of properties are how we make money. Also, how does the process work for "subject to" do they get listed on MLS or they have the option not to also (based on seller right).
What do I do about purchase and sale agreements, do they go to both the seller and realtor (requiring their signature) and then take the contract to the end buyer, and does the realtor have to be present with the end buyer also? In addition, for good practice should I request end buyers to always have proof of funds when meeting up with seller and/or realtor?
Thanks
