All Forum Posts by: Rob Douglas

Absolutely @Wayne Brooks!

I haven't been asked to pay anything or sign up for anything @Wayne Brooks. I'll tell what I feel just based on what my gut. I feel like because this person is a little older, "she's" not interested in running the streets for deals hence the meet ups, so she's willing to exchange info and insight to do deals. 

I know it's still very early in our relationship to say but I haven't had a bad vibe yet but what has been your experience Wayne?

So within the last month I've connected with a Realtor who's willing to mentor and assist me as I begin my journey in to wholesaling. 

I connected with this individual via a local meet up they host. I've attended multiple and feel very comfortable with the information/knowledge they've delivered. It was on par with many of the things of heard and or read to this point regarding wholesaling/investing in general. 

During this time we've establish a great rapport where they are open to providing me with lists of properties with equity. This would save me hours of time in regard to driving for dollars (I would imagine) and money as I wouldn't have to spend cash on marketing right away. 

For doing so I'm willing to split proceeds from any deals acquired (naturally). While I understand anything can be negotiated verbally or via written agreement, are there any cost/fees that are standard for doing business this way?

Are there any rules of thumb that I should follow or expectations I need to understand while working with Realtors in this way?

Any and all feed back you guys provide would be greatly appreciated!

Respectfully,

Rob

Old post yet absolutely relative for all new investors! 

Thank you for your response! The property is near Deanwood.  

Greetings everyone! Last night an agent forwarded a property to me via email she's attepting to move quickly due to foreclosure. I'm unable to purchase (brand new to wholesaling) however I have a few buyers who would be interested based on her numbers (asking price and ARV). I was half way through my response to negotiate a referral/finders fee when I thought I may need an agreement in black and white for this. My instinct, being that this is business says of course! Also I'm sure this may vary state to state or based on relationships. I'm in Washington DC so I want to also ensure I'm conducting business lawfully as well. Any insight, best practices, or rules if thumb you can share on this area would be greatly appreciated! Respectfully, Rob

Hey @Teresa F.,

Thanks for sharing that. Im new to wholesaling however I am a native Washingtonian.  

I've the development in the DMV for years now I

Hey @Teresa F.,

Thanks for sharing that. Im new to wholesaling however I am a native Washingtonian.  

I've the development in the DMV for years now I want in. 

I truly appreciate your time and insight @Dominic Jones! Thanks for the jewel.

Phenomenal!

@Jake Thomas and @Doug W. thank you both for sharing your wisdom. I truly appreciate you guys taking your time to respond. It means a lot.