Hi, I have just started wholesaling, I am very early in the game. But I have been talking with an Absentee owner, he has been a landlord for 10 years with same tenant. That tenant no longer lives there and he wants to sell the property. So the seller has the house on the market and has a realtor. Is it too late to make the wholesale deal? If not how can I still close out on this deal with the realtor involved ? Any feedback will be appreciated, Thank you.

Be careful with communicating with a seller being represented. My first and only communication with someone like that would be “ call me in a few months when you get out from under the listing “ or “if you ever consider closing quickly off market please call me back”

After which I’ll do two things

Check back with them in 2-3 weeks and say the same thing

Call the realtor and tell them I’m interested at X price, close in Y many days. If they understand wholesaling no issues. If you are met with resistance just keep going

Never forget there is always deals, the MLS is only ONE source

One of the best questions to ask any seller you speak with is, "is your house listed with a real estate professional?"  If the answer is yes you say "Great, I wish you the best of luck but I only buy off-market property"  If they pursue you say something like what Jorge De Jesus said above.  Two things here, first you never want to screw up a deal that is listed with a realtor and second, what value can you bring your buyers if the deal is already listed.  My general rule of thumb is I stay away from these, spend your time looking for another deal.  I hope this helps and best of luck to you in your new company, Cheers, Garth

Thank you Jorge and Garth, great information to add the the tool box.