Can you be licensed and wholesale property_ Hi! It’s Neva at TimeForInvesting.com and
I’m working late tonight. I’m just using my laptop so this video is not as high quality
as my last one but I’m working late. I’m tired. And I wanted to just answer two questions
and put out another video. The first question is how can you wholesale and be a licensed
real estate agent or kind of is it possible? Can you be licenced and wholesale property?
I just want to say that I wholesale property for two years before I became a real estate
agent. The only thing that really changed after I became a licenced agent is that every
time that I’m talking to a lot of customers about a property, I have to disclose that
I’m a licensed real estate agent. Disclosure, disclosure, disclosure. And what I do, the
very first conversation I ever had I definitely update them that I’m a licensed agent and
even on my marketing now I do have that I’m a licensed agent just to make sure that disclosure
is clear. The second question is what are the benefits
or why do I decide to get my license after wholesaling for two years. The benefits or
the reasons why I did it are because one is access to the Multiple Listing Service and
that is a big bonus. I know some people use Zillow or Redfin to get property information
but really the Multiple Listing Service, if you’re really serious about being a real estate
investor, you have to get access to the Multiple Listing Service. It’s going to give you up-to-date
information on property that is listed in your neighbourhoods, what the properties have
sold for recently. It’s just great information to have to help you to develop your comps
for your properties and things like that and to make decisions.
The second thing is 90% I would say of the people that call me or come to my website
they really want full retail value for their property. I can’t offer them that option and
close with cash. Being a licensed real estate agent, it’s another way for me to market to
them and say, “I can help you get full retail value.”
I’ll give you an example of how this works. I had a couple who came to my website filled
out the questionnaire and said that they want a cash offer. When I spoke to them and asked
them why they were selling, they said that they were retiring.
And once we talked for a while and really went over why they were selling, really they
needed the maximum price for the property because you want the most fun when you’re
retiring. And two, the house was tenant occupied. And three, there wasn’t any present situation
that they needed to close within 7 or 14 days and take this discount.
They decided to work with me and I market the property. And I’m licensed and my brokerage
is Keller Williams. We market the property and we got them full retail price. They were
happy. They even videotaped a testimonial from me.
It’s another way for me to help people. They call me and I think also just in any business
if you just try to think of ways to help people, you can develop another income stream. Basically,
being a licensed real estate agent is another income stream for me. I’ve learned ever since
I became a full time investor that cash flow is very important and I’m always looking forward
for new income streams. That was all my tips for today and I hope
you guys just kill it in real estate. All right! Bye.