MIcro-Flipping, Wholesaling, investor, Which am I???

2 Replies

Hey everyone, my name is Averie and im a Newbie to real estate. I have been educating myself nonstop for the past month on gearing towards real estate. HOWEVER, i am confused on where to start and which player i am in Real estate. If i am trying to flip contracts then someone please explain to me the title for that. And Also where do i begin with my sellers? I have my scripts, contracts, and leads. Im just at a road block because i simply do not know where to begin. For example: if a property is not listed but wants to be sold by the owner or real estate agent(can i even flip my contract if a real estate agent is involved? ) Can i step in and provide my due diligence, come to an agreement on contract terms and then fetch my buyer and see if they want my property before my contract is ready or after??? omg its like ive been receiving so much information my wires are crossing =( Please BP community, help meeeeee

"Flipping a contract" sounds like you're seeking to be a "Wholesaler". However, once a Realtor has the house under contract, then wholesaling is out. You must get the house under contract before it gets listed - so called "on-market" versus "off-market". Have you considered getting your licence? That would not stop you from flipping contracts / wholesaling, but it would give you the additional option of listing the home for sale conventionally as a Realtor and taking a commission. Being licensed will also aid you as an investor, because you can get paid a commission by the seller for buying your own investment properties. It would also give you MLS access and other tools, and the ability to show yourself homes. And the education that comes through the licensing process and by joining the right agency will aid you as well.

NICEEEEEE!!! Thank you so much Johnathan for clearing that up for me. I also was thinking about just getting my license too, i mean it wouldnt hurt me. However, my sister is a real estate agent. Shes a newbie as well though looking for a mentor. Is there a way that her and I can profit together? Let me know what you think?

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