Wholesaler · Menifee, CA · Member since 2016 · 8 posts · 3 votes
Hi everyone,
I'm doing Tom Krol's 5 day wholesaling course. For those of you that don't know, day 1 is building your Cash Buyers list. I have about 30 Realtors on my cash buyers list, they all say they work directly with people that can close between 7-10 business days. Just want to know if anyone has had success letting realtors know about their deals once you have them under contract. My next step is going to the auction to get more cash buyers on my list. If anyone has any other recommendations I'm open to them!
Wholesaler · Mckinleyville, CA · Member since 2015 · 192 posts · 69 votes
10y
I have asked realtors before if they would be willing to bring me buyers for a kickback or commission percentage, and they all seemed to have the same answer: They couldn't justify their buyers paying more for a property then I would have gotten it for.
Now every realtor is different and you ma y have luck, But I had to let that idea go. One of them told me their broker would simply not allow it.
If you do have realtors on your list, make sure they know what you're asking, and that you would not be listing the property through them. (Or maybe you are thinking of closing on the property yourself and then listing it on the mls?) That would make a difference.
Investor · Boca Raton, FL · Member since 2012 · 1k+ posts · 1k+ votes
10y
After listening to his podcast, i reached out through 3 different venues and asked him to send me his list of wholesale properties in Port St. Lucie. Never heard a thing back from him.. I think he's more interested in selling his course than actual deals.
Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
10y
@Account Closed Having a client buy a property for a reasonable amount more than you got it for is oaky. Illegally paying you a kick back/fee is a non starter.
Wholesaler · Mckinleyville, CA · Member since 2015 · 192 posts · 69 votes
10y
@Wayne Brooks I wouldn't get the fee, the realtor would. I don't think you understand. I would simply be selling the property. And paying the agent a commission /fee.
Temecula, CA · Member since 2015 · 27 posts · 2 votes
10y
Good luck w Tom. I like his podcasts. I am very interested in a mentor for a specific purpose...to learn some methods by doing w guidance. I am going to make the call. He said if you have someone who needs to sign off on the fee have them on the call. Spoke w my wife who is excited about investing. She will be on the call w me. :)