My Realtor Keeps Bringing Up Wholesale Opportunities

[Steven Holiday]

Hi Everyone. 

I have a realtor for an out of state investment.  I have a management company ready to assist with the walkthroughs, rehab bids, etc., but we haven't been successful on several offers (various reasons with listing agents). 

After doing a lot of analysis on numbers, my realtor will insert outside "opportunities" from wholesalers that quite frankly look a little too good to be true. 

In the mean time, I have other folks in the mix waiting for progress on the properties I'm wanting to make offers on.  I don't know if I'm making sense, but should I be concerned that my realtor is getting sidetracked with outside, sweetheart deals that she's trying to sell to the out of towner...?  Or is this just the realtor trying to offer good "off market" deals?

I appreciate thoughts on this.

Thanks.  

[Justin Larese]

I have had an issue with a realtor before with similar regards. I was searching for properties in Memphis TN a few years back while residing in Virginia and I had a specific budget i wanted to stay within. Had a nice list of properties picked out and traveled to Memphis to physically inspect them.  However, the realtor kept showing homes that were way out of my price range. After the third property being out of my price range and although a nice property we had a come to Jesus meeting. The realtor was avoiding the properties I had on the list because of how bad the crime was in neighborhoods and how often HVAC condensers were stolen or broken into, and she was trying to look out for my best interest. Though I respected her decision I informed her I was fully aware of the crime rate and had contingency plans to avoid such issues.  So after our conversation, I was able to redirect my realtor and the direction I wanted to focus on.  Your realtor might have your best interest at heart as well, however, if it is not what your looking for and you have other plans you need to reiterate that with the realtor. Also stress that if they cannot get on board with your business model then you will need to find a different realtor.