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Updated about 6 years ago on . Most recent reply

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Sam Bromano
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33
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Wholesaling for REIs only

Sam Bromano
Posted

If I want to sell off my SFH rentals which may be more appropriate for actual home owners instead of investors (based on <5% cap rate) is trying to work with wholesalers still a good idea to avoid the high commission % or just list with retail?

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Charlie MacPherson
  • China, ME
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Charlie MacPherson
  • China, ME
Replied

@Sam Bromano By definition, the way to get the highest price for any property is to expose it to the maximum number of potential buyers. For virtually any SFR, that means listing on MLS with an agent and a strong marketing plan.

Also by definition, wholesalers cannot "buy" (they don't) at market value.  They need to buy at a discount that leaves them enough room to add their markup and then resell their contract at a price that's still low enough that the investor is getting a below-market deal. 

Use a good, full-time Realtor and you'll not only end up with more money in your pocket, but you'll also benefit from them handling the showings, open houses, negotiations, contracts, disclosures, escrow, chasing buyer's paperwork, managing deadlines, etc.

Being a Realtor is like a chip shot.  From 50 yards away, it looks pretty easy.  But when you get up close, not so much.

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