Using realtors to find me motivated sellers?

Question

I have been cold colling and most of the calls  are voicemails and realtors. So, I thought of calling realtors instead and tell them to find me motivated sellers/landlords who might be interested in selling  their house at a good price and I will pay realtors 4k if I get the deal done.  What  do you think about this?

Charlie MacPherson · Answer

Account Closed Short answer, no.

A realtor who finds a motivated seller will, depending on the market conditions, will make more than $4,000 if he puts it on MLS and sells it.  In addition, we generate additional business from sign calls and open house events, so it's more than just the initial sale.

Further, we are constrained by ethics and in Mass., consumer protection laws as well.  If we know the property owner wants to sell and we connect him with a wholesaler, we're not looking out for the best interests of that seller.  We're looking for a quick paycheck for ourselves - and that can result in an unpleasant conversation with the real estate commission.

Any money paid to a Realtor has to go through the broker too.  If I were to take any sort of side payment, there's another violation.

Any of these charges can result in fines, license suspension and/or license revocation.

Long answer, hell no.

James Wise · Answer

Horrible plan, take it behind your garage and shoot it. Realtors entire job is to find motivated sellers and get their properties on the market. You calling them to tell them to do this is like calling Taco Bell to tell them to make some more tacos.

James Wise · Answer

Banks are not going to share private information about their customers with you. Take that one behind the garage as well.

Account Closed · Answer

@Mike Kehoe my strategy is lease option.

I have all the contracts  and I know how to do it correctly. I just  need motivated sellers

Account Closed · Answer

@James Wise ok what advice would you give in order to fond motivated  sellers?

Account Closed · Answer

@Charlie MacPherson what about asking banks for owners behind on payments?

Account Closed · Answer

@James Wise what about asking banks for owners behind on payments?

Mike Kehoe · Answer

@Fili Aguirre

You seem to be going in 100 different directions in just these last couple of days.

You have enthusiasm but lack education.  I suggest learning more about real estate investing in general, defining your primary investment strategy, and then learning how to properly execute it.

Have you listened to the podcasts available here? Read any of the books sold here?  I ask because there are countless ways to make money in real estate, but like any business, without a clearly defined goal and a well laid plan on how to reach it, all the effort in the world will end up being wasted energy.

Using realtors to find me motivated sellers?

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