Wholesaling with RE Agents…Yes, or No?

[Mona B.]

Hi Everyone! After strategizing for months on how to finally start RE investing, I’m seeking to gain additional investing capital through wholesaling. Investors like @lilithompson have shared their wholesaling journey working with on-market distressed & outdated properties with success.

Has anyone else used the method of wholesaling with RE agents & on-market listings? Has your experience been successful, non-successful? Do you inform RE agents you’re a wholesaler or an investor that works with other investors? As I’m in Central FL, would love to hear from others here and their experience with wholesaling, or if you’ve moved to wholesaling out of state due to the down-turning market.

[Jerryll Noorden]

Call me old fashioned but the key to wholesaling is finding properties that are off market, for the precise reason of equity, and potential profits.

The second you deal with on market, you deal with agent fees, and commisisons, fierce competition, and usually lack of motivation with sellers.

Are there exceptions? Sure.  But that is the point right? Those are exactly that... exceptions. Why woudl anyone rely on the exceptions to get good deal.

Just me, but...  not for me..

and lastly..

PLEASE stop quoting the gurus as if just because they are gurus it implies some sort of credibility, or correctness in what they are doing. I have yet to see a guru that what comes out of their yaps is actually correct!