Comments on: What Should You Tell The Listing Agent About Your Wholesale Intentions? [Video]

By: Barry Cunningham

Barry Cunningham — Sat, 19 Jun 2010 03:52:14 +0000

Hi Val and thank you for stopping by and for your comment. Yeah…no one needs to know your business but you!

By: Val

Val — Fri, 18 Jun 2010 23:45:42 +0000

Very informative video!!
I really like the information on controlling the deal, and keeping your flipping intensions ‘under your hat’.

Thanks

By: Barry Cunningham

Barry Cunningham — Tue, 18 May 2010 03:50:33 +0000

Hi Gary,

As for the first part of your question…If you’re a licensed Realtor then make the disclosure necessary and I would pretty much leave it at that. Do what seems to be required and you won’t have a problem. Why offer any information beyond that? Article 4 of the COE says that you (as an agent with an interest in the deal) shall make your “true position known to the owner or the owner’s agent or broker“. So a simple statement in the special clauses that says.. “I am a licensed Realtor and I have an ownership Interest as the Buyer or Buying entity will suffice.

The building of a relationship is easy. I simply tell them we are looking for other similar deals and as you can see we bring our deals to the closing table and accordingly you’ll make money brining me deals. Works every time as every Realtor loves to have a whale on the hook.

If you remember, we showed you our marketing letter. We try to go after homeowners who are not listed or whose listing is about to end. It makes the re-listing so much easier. For those props already listed and placed under contract, we use our internal Buyer’s list and don’t mess with trying to get the listing agent to cancel theirs. We’ve done it but it was like pulling teeth.

You MUST..and I mean MUST begin putting a buyer’s list together IMMEDIATELY. It’s real easy. Just set as many mousetraps as you can that are desinged to entice the fat yet still hungry mice. If you look on this site alone their are probably a dozen ways we cull names. And that’s just on this one site. We also operate a prominent site here in south florida that brings in dozens of buyers per week. We have a list of over 3,000 buyers..cash buyers that we work with. Obviously they each have their own criteria and timeframes so that’s where a good database program comes in so that you basically go shopping for props that they want. Sort of a real estate concierge if you will.

By: Gary

Gary — Tue, 18 May 2010 02:10:33 +0000

Hey Barry’s
Would saying something like i’m buying this for my own portfolio, or It’s going to be a rental, have any negitive effects. What would you say to be polite, or would you say it’s none of your business. This question is dealing with how are you building repore to train this realtor to bring you more deals into the future.

After you get a contract signed do you have a way to list it on the MLS to resell it retail before you close. Where on the same day your closing with your seller your also closing with your new buyer. When buying with the P&S agreement is there a way to relist or do you have to have your own buyers list.
Thank, GS