First off, the subject of this conversation is a property we actually closed on and got funded today 🤩 So this particular LEAD was acquired about six months ago. They reached back out to me in March. One thing I’m big on when it comes to talking to working with sellers, is 1.) acquiring as much information as possible about their situation and their timeline and 2.) what it looks like for them once they close and are funded. Like most deals, I do, this was a virtual deal that I was able to acquire a contract on based off our conversation site, unseen. Originally this was Contract at $239,000 with an estimated rehab of $65,000 based off the conversation with the seller. Once we did our inspection, we realized that our rehab cost was practically doubled and that the condition was not anywhere near what the seller described to us. (it’s important if you are doing anything virtual to always have boots on the ground in the market to do a walk-through once once you get a contract) So we were able to negotiate this down to $139,000 and we listed it on market for $199,000 anticipating at least $30,000 By collaborating with @Beatriz Saucedo as the listing agent, she was able to bring us multiple offers in about four days. Which was a great turnaround time for a home that needed over $100,000 in rehab We acquired a cash buyer for this property. And we thought we were good and had a clear path going forward.. Then we found out there was multiple liens on the property from taxes to solar and another lien that totaled about $108,000 Fortunately, by working with the right title company, we were able to get everything done and cleared, But the numbers completely completely changed from what we were originally able to offer the seller to our bottom line what we were going to walk away with Overall, the deal ended up and the seller understood that they all they could from the property before selling it.. this ended up being a win-win situation for everybody involved

I want to open this discussion regarding working with wholesalers… I’ve been an agent for almost 4 years now, but got started in real estate on the wholesale side. Over the years I found it difficult to work with agents as a wholesaler, mostly because of the unknown. Once I became licensed, I was able to step into an agents shoes and experience the calls for comps, the promises for listings and promise of opportunity to bring buyers for a split. UNFORTUNATELY I as an agent just kept giving but never saw a return. That being said. What’s been your experience? Have you partnered with wholesalers to do deals? If you have not, why? This would be a great forum to really open up about experiences and find a way to actually collaborate fairly. What are your expectations when working with a wholesaler?

Hey everyone! My partner Jody and I are new to wholesale. We’ve tried SMS marketing just as things were changing with the FCC. Did that for a couple of months then pulled out to move to a VA. We’ve had some viable leads in Jacksonville, FL and Phoenix but no successes yet. Having come over to REAL we’re hoping to learn how to maximize our potential and reach by learning more about WS as well as novations, short sales and any other ways we can provide options to our clients. Excited to be a part of the community!