I’m a new wholesaler. I was going to focus mostly on single family, but I’ve received over 40 proposed off market deals for commercial real estate , apartment complexs / multi families, and hotels.
I was thinking about brokering the deals so they can find the cash buyers / investors. Anyone have experience working with them? What’s the pros and cons?
@Dan Wittenkeller what was your post exactly. What emails were you getting from them? Your question is still kind of fuzzy. Are you just remarketing someone else's deals or do you have your own under contract and looking for buyers? If these "deal brokers" are tacking on $5K, then they've probably killed the deal. That's $5K out of the end buyers pocket/profit.
@Dan Wittenkeller what was your post exactly. What emails were you getting from them? Your question is still kind of fuzzy. Are you just remarketing someone else's deals or do you have your own under contract and looking for buyers? If these "deal brokers" are tacking on $5K, then they've probably killed the deal. That's $5K out of the end buyers pocket/profit.
I made a post saying I had investors looking for Off market deals.
I received so many that not all my cash buyers can take them on. Therefore, the deal broker was the option.
Not to be "That guy" but if you have over 40 properties that people are willing to give you to sell. Then spend a couple hundred bucks, get your license and actually broker them legally and properly. If some of these are hotels and commercial etc, and you have 40 available. You need to list them and then spend the next couple years in Aruba soaking up the sun.
@Dan Wittenkeller, not to be that "other guy", why don't you just keep building your list?!? If you have to many deals, then you don't have enough buyers. You need to "10x" more buyers on your list, than deals at any given time.
There is no way I would give them to a broker to market. I would either wholesale them myself, JV with other wholesalers in your area that you know & trust, or even follow @Mike Cumbie's advice and get your license.