Good afternoon,
I’m looking to connect with a few solid, investor-friendly Brokers who understand wholesale deals, novations, and assignments. I’ve got a few off-market opportunities in motion and want a Broker who knows how to structure creative transactions, is comfortable working alongside wholesalers/investors, and understands speed, margins, and deal flow (not a retail-only mindset).
I am looking across a handful of markets (PA, UT, OH) and have been coming up short. Does anyone have advice on how they typically find and vet agents? Red flags to keep an eye out for? I was hoping to ask for recommendations in the forums, but I believe it's against the rules.
Appreciate the help in advance, and I hope to bring more great deals to this group! 🤝
Hey Chris, We're not in those markets, so I feel I can give an unbiased opinion. I often say "real estate licenses are like belly buttons...everybody's got one." It seems most agents measure themselves on their social media followers now-a-days as opposed to their professionalism, real experience, and knowledge. We completely ignore agents that have a marketing strategy of posting pics in short skirts and low-cut tops. If their marketing strategy discusses how they get your property in front of more eyes because of their broker's system, that's usually BS because it's just an MLS IDX feed. Instead, we use agents that really understand construction and local codes, really understand the contracts and the process, and most importantly, does the agent return calls quickly and professionally. When they have bad news, do they ghost you? Are they using the appropriate forms and do they act like a seasoned pro during the process? If you want to get fleeced, use your best friend's daughter-in-law that just got her license. If you want to do the fleecing, use a knowledgable seasoned pro. That's my 2 cents and how we do it. Good luck to you.
Hey Chris, We're not in those markets, so I feel I can give an unbiased opinion. I often say "real estate licenses are like belly buttons...everybody's got one." It seems most agents measure themselves on their social media followers now-a-days as opposed to their professionalism, real experience, and knowledge. We completely ignore agents that have a marketing strategy of posting pics in short skirts and low-cut tops. If their marketing strategy discusses how they get your property in front of more eyes because of their broker's system, that's usually BS because it's just an MLS IDX feed. Instead, we use agents that really understand construction and local codes, really understand the contracts and the process, and most importantly, does the agent return calls quickly and professionally. When they have bad news, do they ghost you? Are they using the appropriate forms and do they act like a seasoned pro during the process? If you want to get fleeced, use your best friend's daughter-in-law that just got her license. If you want to do the fleecing, use a knowledgable seasoned pro. That's my 2 cents and how we do it. Good luck to you.
My thought is you need to create your own dispositions team and not depend on any realtor to do this for you. Rarely do I say this, I think realtors can often add great value, but for these kinds of deals, most brokers should not normally take them on. The risk is just to great and I would guess their E&O insurance wouldn't cover them in most cases. Not my first choice ever, but maybe you find a flat fee realtor that just doesn't care about RISK. They'll list anything for you for $95 or some low fee and you do the work. Many of those will work state wide, allow you to put your FSBO sign out and take the phone calls.
Now if you close on your deals and then ready to put them on the market that is an enitrely different situation. You can probably hunt down some great realtors that will take those on.
Good luck and best wishes.
My thought is you need to create your own dispositions team and not depend on any realtor to do this for you. Rarely do I say this, I think realtors can often add great value, but for these kinds of deals, most brokers should not normally take them on. The risk is just to great and I would guess their E&O insurance wouldn't cover them in most cases. Not my first choice ever, but maybe you find a flat fee realtor that just doesn't care about RISK. They'll list anything for you for $95 or some low fee and you do the work. Many of those will work state wide, allow you to put your FSBO sign out and take the phone calls.
Now if you close on your deals and then ready to put them on the market that is an enitrely different situation. You can probably hunt down some great realtors that will take those on.
Good luck and best wishes.
That’s fair feedback, and I don’t disagree with the risk point. For clarity, we’re not looking to push liability onto an uneducated agent or force square pegs into round holes. The goal is either brokers who already operate comfortably in this space, or using agents strictly once the deal is cleaned up and MLS-appropriate.