All Forum Posts by: Zach Welner

Hi @Account Closed. Great information in this post from the other people. I am a Realtor in Tampa and my company is actually a Wholesale Brokerage. So we are all Licensed Agents, but we are wholesalers, we do not do traditional real estate or listings or anything like that. We specialize in buying and selling Distressed homes that need to be flipped or held and rented. Anyway, I have a lot of wholesalers on my list that bring me pretty good properties. Some are licensed, some are not. If you are not licensed, the only legal way to wholesale a property is to have it under contract yourself (put down a Down Payment or Earnest Money) and then try to find an end buyer during your Inspection period. 

If you have a Real Estate License, you do not need to have equitable rights in a property to wholesale it. You could do something simple like find a property on the MLS or a For Sale by Owner while you are driving around, send the info to a buyer who is interested in that area, if they end up buying and closing on it, you can get a referral for it.

Most of my wholesalers get their license because, just like you, they don't have the capital to put a Down Payment or EMD on a property and getting your license is cheaper in the long run.

So basically, if you don't have a license, you have to have equitable rights in the property in order to legally market it out. If you have your license, you do not need equitable rights in the property, just the seller/owner's permission.

If you have any questions, please PM me! Thanks! and hope this helps and I didn't confuse you,

Hi @Danielle Levins, this is very interesting. I am a Realtor and I represent an All Cash buyer who is buying up Tampa Bay by storm. Please shoot me over that information! Also, any other properties you find in Tampa Bay. My email is [email protected]

Hi @Joe G., welcome to the Florida REI Market. I am a Realtor based in Tampa and I specialize in Distressed properties to be flipped or held and rented. That is literally all I do, so if you are interested in Tampa Bay, I am pretty sure I can find multiple properties to pique your interest! I focus in Hillsborough, Pinellas, Pasco, Manatee, Sarasota and Polk counties. Please PM me if you are interested in learning more! Thanks!

New Block property in the HOT Temple Terrace area! Great comps, tree-lined streets, near the Hillsborough River. 3/2 home on .26 acres! Please not there has been settling in the property, but we have an engineer's bid on the property included in the rehab estimate. Also have more information on the settling from the engineer.

Purchase Price: $110,000

Rehab Estimate (Including Engineer Bid): $74,000

ARV: $230,000

*Cash or Hard Money ONLY*

Zach Welner
RE License # SL3365303
NetWorth Realty LLC
973-951-9163
5601 Mariner St Suite 104 Tampa, FL 33609

RE Corp # CQ1048456

@Account Closed Welcome to the real estate business! I had the same questions as you before I became a Realtor last September. I actually got my license to specifically work for this brokerage; I have been here ever since and have had a LOT of success as an investor-friendly real estate agent ( I actually only deal with investors).

 And everyone above is right, a brokerage that provides great training is key to having success early on. They each do things differently, for example, my brokerage (which is not one of the "big ones") has the first 5 weeks as on the job training. A senior agent shows you what to do, helps you with contracts and marketing etc, and you have every opportunity to sell houses during that training period. I for one sold my first property on my 14th day and it closed quickly so I was very happy. 

Another thing to take into consideration is the Broker Split or fees that come with the brokerage. Some have desk fees, some let you have 100% of the commission but charge you a flat fee per deal (which could be good or bad depending on how big your commission check is for that deal). There is a lot to consider but hopefully this gave you some useful feedback. If you have any specific questions, please reach out! Thanks and good luck!

Thanks @Account Closed You definitely have a good question. I work with Chris Troutner as well (commented above) and he is my Pasco county rental specialist! He is always the first guy I send those specific deals to since he has so much experience there. And he is right, Pasco is more for cash flow. If you are looking for appreciation, Clearwater, St. Pete, Tampa are much better options for that. But Pasco allows you a cheaper option in terms of purchase price. Sure, you won't get $1700/month like other counties, but that 1% rule is everywhere in Pasco, so it is up to you. I would be happy to help you find anything in the future, you are more than welcome to message me privately to chat more.

Thanks!

INCREDIBLY CLEAN, concrete block 3/2 home in Clearwater! Solid, rehabbed comps have been sold in the last 45 days. Very easy, quick flip.

Purchase Price: $150,000

Rehab Estimate: $22,000

ARV: $215,000

*Cash or Hard Money ONLY*

Please message me here or email at [email protected] if interested!

Zach Welner
RE License # SL3365303
NetWorth Realty LLC
973-951-9163
5601 Mariner St Suite 104 Tampa, FL 33609

RE Corp # CQ1048456

This property is a 3/1 and 1029 SQFT. There is a comp nearby that is a 1/1 300 SQFT less that is renting for $850/month. This property has been tenant occupied for the last two years by the same tenant. They currently pay $750 per month and are on a month to month lease. Per the rental comps you can raise your monthly rent to at least $850+ per month.

Purchase Price: $65,000

Rehab Estimate: $0

ARV: $95,000

*Cash or Hard Money ONLY*

Zach Welner
RE License # SL3365303
NetWorth Realty LLC
973-951-9163
5601 Mariner St Suite 104 Tampa, FL 33609
RE Corp # CQ1048456

@Michael Lopez no this is not available anymore. My properties typically sell within 72 hours

Yes sir, I have already sold this one