Dallas-Fort Worth Real Estate Investor Club

(Wholesaling) Benefit to Investor Friendly Agent

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  • 11 Aug 2012 1:33 AM
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    Reply # 1044071 on 1039193
    Robin Carriger (Administrator)

    I respect the experience and intelligence of everyone I know who's posted on this thread (no really... I really do :-)  ).  I also disagree with about 70% of what they wrote.  I'm rarely shy about my perspective, and I wouldn't be now, but I've got to get up VERY early tomorrow for the Financial Freedom Workshop. RJ, forgive my lack of detail here, but, if you'd like to give me a call sometime, I'll be happy to share yet another set of opinions with you that are distinct from all of those shared in this thread so far.  I can be reached at 817-300-1132.  In a very small nutshell, I believe you CAN do simultaneous closings legally and ethically even while working with realtors, but it's certainly not the easiest or best way to go.  There are also people who I shall not name here who do this very thing regularly who, in my opinion, are scoundrels.  If you're not careful, you'll fall prey to them and lose a lot of money.

    Last modified: 11 Aug 2012 1:34 AM | Robin Carriger (Administrator)
  • 13 Aug 2012 9:50 PM
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    Reply # 1046363 on 1039193
    Lynn Andris
    I agree with Robin. Just because a company is large does not mean that the things they are doing are right or legal. Check them out. Ask other investors what their experiences have been. Spend time talking with them and networking with them before you dive in.
  • 15 Aug 2012 7:34 AM
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    Reply # 1047620 on 1039193
    Deleted user
    RJ,

    I am a licensed RE Broker in Texas.  In addition to all of the potentially rough legal waters you will be navigating with this strategy, there is also the issue of timing for your deals.  Real Estate is a slow game until it's time to move.  When that time comes, you will need to be able to move....and move FAST.  Because of that reason alone, I would recommend gaining access to some kind of comparable engine on your own.  You don't want to be sitting in a living room negotiating with a seller while watching 3 or 4 investors come through the home to look at it (while you're there, by the way) and make offers while you still have to leave and find a Realtor to run market data for you.

    Sometimes you need that analysis in a matter of hours at the latest.  A day is too late.  If your Realtor is busy, or out of town, or whatever, you may have just lost a deal because you didn't have access to your own market data.
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