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Updated over 4 years ago on . Most recent reply

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Randall E Collins
  • Specialist
113
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266
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Wholesale investing sorrows.

Randall E Collins
  • Specialist
Posted

Hi all, I'm new to BP and totally new to the investing world. I first set out to be a scout or bird dog for properties and search for investors. Thanks to BP I have located a investor. Due to my ignorance of real estate I've learned the best way to accomplish my goal is to become a Wholesale Investor. I've watched tons of video's in attempt to learn. A couple of "How To" webinars just to learn that they are all just trying to sale a product which I can't afford until I make some money from real estate. I mean I looking to make money not spend money. 

Any way, I located a really nice lake front home in my area at a reasonable price. Contacted the real estate agent and said I'd like to draw up a resale contract just to be told no, my investors would need to contact them because I'm not a real estate agent. Which would cut out my fee. My question is, is this common? Can I expect the same reply from all real estate agents?

Most Popular Reply

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Steve Morris
  • Real Estate Broker
  • Portland, OR
2,377
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Steve Morris
  • Real Estate Broker
  • Portland, OR
Replied

"My question is, is this common?"

Well, if you're dealing with someone that knows what they're doing, I hope so.

Why would I tie up my property with you and take it off market when you don't have a true buyer and probably don't want to put anything into escrow?

Think about it, may help you market your next offer like this.

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