Realtor/Wholesaler

[Tim Esteban]

Hey everyone - I have my real estate license and I was looking at sending out some post cards or yellow letters introducing myself as a realtor investor. I would be looking for distressed buyers to call me and have the opportunity to buy the properties as a wholesaler or if it makes more sense for the seller to list it for them. I just want to make sure I am doing things correctly here and marketing myself appropriately with me being a realtor. Any advice? Thanks

[Aaron Mazzrillo]

Worst idea ever. I've seen this same question posted on BP too many times. Here is how the conversation will go;

You: I'd like to buy your house. I'll give you $100K for it.

Seller: I'm looking to get more than that.

You: OK, I can list it for $170K.

Seller: Uh, you just said you'd give me $100K?... What makes you think you can list it for $170K. I'm confused.

You: Uh... <Click>

Seller: Hello?

You're either an investor or you're a chump with a license working a crappy job dealing with other people's crappy houses and trying to earn a tiny percent of the deal that will be highly taxed earned income and a mound of paperwork which will distract you from actually making any real money.

Refer them to some idiot with his face on the bus bench and take 25% of the net commission. Then stick to wholesaling and making big *** checks.