FAQ
Have a question? Here you will find common questions and answers on topics.
- How can I incentivize a real estate agent to give me MLS Assistant Access?
- Can a real estate agent represent both sides of a transaction in every state? Is Dual Agency legal in Florida and Texas?
- How do I go about handling the EMD (Earnest Money Deposit)? What if I do not have the funds to submit on my behalf?
- Contacting us
- How can I get access to the MLS without a real estate license?
- How Do I Find The After Repair Value (ARV) Of A Property?
- Is it possible to buy foreclosed properties?
- If my subject property is next to an airport, will it bring the value of the property down? Also, what other things can affect the value of a property?
- My financing partner / cash buyer said he's looking for distressed properties that appraises at 65% ARV. What does he mean by "appraises at 65% ARV"?
- Can I wholesale a deal from another wholesaler? What is co-wholesaling?
- When do we let the agent know we are assigning the contract & how are we supposed to bring it up to them? Is it before or after getting a property under contract?
- How to Sign Up
- Initially, do I tell my financing partner I’m selling the deal for $270,000 plus my $10,000 wholesale fee, or do I tell them I am selling the deal for $280,000 without mentioning the wholesale fee.
- The Listing Agent & Seller keep countering my offer at a higher price. What does this mean and what should I do?
- Do we have to go see each property we are analyzing personally? Or, is completing the Discovery Call with the Listing Agent and analyzing the property on the MLS enough?
- If I am unable to reach a potential financing partner on the phone to develop a relationship & learn their buying criteria, then how should I reach out to them via email?
- A lot of people are telling me to stay away from the MLS and to just look for off-market properties. Why are a lot of people against the MLS?
- What is a short sale? How does it work as a wholesale? How does a short sale & a REO differ?
- Can things on the contract change? Let’s say I put a property under contract, and I go to assign it, but my partner would like to make changes to the contract. Would that be possible?
- How do I tell an agent that I can’t sign their Exclusive Brokerage Agreement?