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Updated over 5 years ago on . Most recent reply

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Chuck Langonzi
  • Real Estate Agent
  • Winchester, MA
1
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Does anyone wholesale in Massachusetts?

Chuck Langonzi
  • Real Estate Agent
  • Winchester, MA
Posted

I am newly licensed and interested in learning more/working with a broker that wholesales. Thanks!

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Nick Aalerud
  • Rental Property Investor
  • Woburn, MA
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106
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Nick Aalerud
  • Rental Property Investor
  • Woburn, MA
Replied

Good thing I logged into BP this week!  Hahaha.  Trying to be more active on here.

Thanks @Shaun Reilly for the shoutout, and happy to clarify my POV on Wholesaling as a Licensee.  @Becky C., @Victoria Avery, @Justin Silverio , @Douglas Snook, @Chuck Langonzi     I actually posted a blog on the topic a couple months back, discussing how INTENT is extremely important, you can check it out here:

Licensee Investors, Listen Up - How NOT To Handle a Deal

Essentially - YES - it's intent driven.  

And to clarify -

1.  I'm a principal BUYER for rehab & development projects, 

2.  I'm occasionally a WHOLESALER of deals when I'm at my limit of active projects or something doesn't meet my criteria, 

3. I run a real estate office with licensed "AAwesome" AGENTS who occasionally find projects that work best for both seller & them as regular LISTINGS (and not wholesales), either through MLS or NON-MLS (depends on situation and client/seller's needs).

So one could say I'm all 3, depending on the seller, the project, the timing, or if we break it down to the raw "how do I handle this deal," the default answer I go to, while thinking of all the options is, "What's my BEST win-win scenario here, where everyone leaves this transaction thinking I'm a rockstar - whether I buy the deal or not?"

Hope this helps some of you clarify a bit - as Shaun & Douglas and others mention, a slippery slope - but so long as you DISCLOSE your intent, you're *usually* safe.  Over disclose, in my opinion.  

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