All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Forums
    Newest Posts Trending Discussions Followed Forums Real Estate News & Current Events General Landlording & Rental Properties Buying & Selling Real Estate Deal Analysis See All
  • Education

    Read

    BiggerPockets Blog BPInsights: Expert Analysis Guides Glossary Reviews Member Blogs

    Watch

    Webinars Video Library Financial Independence Blueprint Intro to Real Estate: Rentals

    Listen

    BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog)

    Topics

    Business Operations Finance Finding Deals Property Management Property Types Strategy
  • Network

    Recommended Vendors

    Real Estate Agents Mortgage Lenders Hard Money Lenders Insurance Contractors Investment Companies Build Your Team

    Search

    Members Events Jobs
  • Tools

    Calculators

    Rental Property Fix and Flip BRRRR Rehab Estimator
    Wholesaling Mortgage Payment 70% Rule Airbnb

    Services

    BPInsights: Property Insights Tenant Screening Property Management Lease Agreement Packages

    New Feature

    BPInsights (beta)

    Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood.

    Analyze a property
  • Find Deals
    Real Estate Listings Find Foreclosures External Link Ads, Jobs, and Other
  • Bookstore

    Real Estate Books

    Profit Like The Pros Bidding to Buy See all books

    Featured Book

    BiggerPockets Wealth Magazine book cover
    BiggerPockets Wealth Magazine

    Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Subscribe today and get the Oct/Nov issue delivered to your door!

    Get the Magazine
  • Pricing
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books
ForumsArrowReal Estate Wholesaling Questions & AnswersArrowHow to Wholesale with a realtor???
  • Newest Posts
    • Newest Posts
    • Unanswered Discussions
  • Trending
    • Top Discussions
    • Trending Discussions
  • Browse Forums
Search Nova
Create post

How to Wholesale with a realtor???

3 Replies

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
user profile avatar
  • Posts 43
  • Votes 6

Jerrel Jones
Real Estate Agent from Chesterfield, MI

posted almost 3 years ago
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.
Rotate Log in or sign up to reply
user profile avatar
  • Posts 372
  • Votes 138

Jorge De Jesus
from Katy, TX

replied almost 3 years ago

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

Rotate Log in or sign up to reply
user profile avatar
  • Posts 60
  • Votes 45

Garth Kukla
Wholesaler from Newport, KY

replied almost 3 years ago

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

Rotate Log in or sign up to reply
user profile avatar
  • Posts 43
  • Votes 6

Jerrel Jones
Real Estate Agent from Chesterfield, MI

replied almost 3 years ago

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

Rotate Log in or sign up to reply
  • 1
Related Resources Real Estate Wholesaling Questions & Answers
How To Land Quality Deals While Working With a Wholesaler
Opinion: I Don’t Trust Anyone Who Wholesales—Here’s Why
The Key Phrase in Wholesale Contracts That Could Cost You
Betting on Wholesaling: One Couple’s Journey Into Joint Investing
4 Common Myths About Wholesaling—Debunked
Resources Read, see, and learn more!
Link Real Estate Investment Calculators
Link BiggerPockets Blog
Link Path to Purchase
Link Mortgage Loans
Link Find a Contractor
Link Real Estate Agents
Link Hard Money Lenders
Link Real Estate Listings

Top Contributors

Jim Pellerin
Jim Pellerin
Ottawa, Ontario
9.46
Score
Will Barnard
Will Barnard
Santa Clarita, CA
1.64
Score
Jonathan Greene
Jonathan Greene
Montclair, NJ
1.52
Score
Duane Alexander
Duane Alexander
Atlanta, GA
1.15
Score
Ray Danishyar
Ray Danishyar
New York, NY
1.15
Score

Real Estate Wholesaling Questions & Answers Trending Discussions

  • Virtual Assistant Call Performance
    3 Replies
  • Roor text message balance transfer
    2 Replies
  • Obtaining Financing for Wholesaling
    1 Replies
  • Good title companies in southern CA?
    2 Replies
  • Wholesaling Contract Template
    3 Replies
Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • FilePlace
  • REI Resources
  • Perks
  • Glossary
  • Reviews
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Editorial Guidelines
  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • YouTube
  • Instagram
© 2004-2021 BiggerPockets, LLC. All Rights Reserved.