How to Wholesale a House Listed With a Real Estate Agent (How to get your first wholesale deal)
👀 WATCH THIS NEXT: Why I stopped buying single family real estate (& started playing pickleball!)
Have you ever wondered how to wholesale a house listed with a real estate agent? Maybe its your first time wholesaling and you want to know how to wholesale mls properties and get your first wholesale deal. In today's video, we're answering those questions and more like: how to get real estate agents to bring you deals, how to try wholesaling on market deals, and even how to get pocket listings.
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Good Morning Lili! You are right on time. I told myself I would jump out there and make calls today . Aaaaand then you posted this video!!! Thank you for your help as I navigate through this process. May GOD continue blessing you and your journey 🙂
Look at that timing 🙂 Best of luck and as you practice it’ll get better and better!
Learning so much from you its unbelievable. Thanks for everything you’re doing. I want to ask what do I say or do when the listing agent brings up proof of funds?
Thanks so much for watching, I’m trying to make the best content out there for beginners !
Definitely join me tonight on IG live and I’ll talk to you about things you can say and how you can handle that. I’ll be on every Wednesday at 7pm central (www.instagram.com/liliinvests)
Keep it up! I know for a fact this year you’re gonna have so much success with your Channel and with real estate!
Great Video, Your assignment clause was spot on. I’ve done this for 13 years and you’re teaching some good stuff.
Hi Lili – Thanks for the great video! As the property is listed with an agent, do have to submit an EMD with your offer?
Crazy amount of value. Thank you so much for the honest information!
Lili, your videos are great! Quality information delivered sincerely. Keep it up, 50k subs right around the corner. I don’t usually comment on ANYTHING, but I wanna show my appreciation for your efforts.
Thank you!
i absolutely love your content. Never over the top and straight to the point!
Exactly it is not an hour-long about how much money she have and all about her personal life 😮
Girl you are a beast. Awesome video! Your energy and confidence just makes it so much easier to understand and actually make me confident enough to go for it! 🙌
I agree
I find using agents is usually a dead end.Most agents I have dealt with can only focus on the commission. They just don’t seem to look at the long haul. This is just been my experience, but I am always willing to learn different techniques to make it happen. Thank you
We have now become a big fan of your channel ! We even used some of your videos for reference when we are training our new team members ! Our founder has even mentioned you in our new video we are posting next week ! Great job and good work !
Lili, can you reference what the contract looks like when having a realtor represent you? Wondering what’s the difference from the standard contract i would use for direct to seller.
Hello Lili,
Happy New Year! Much continued success, wealth, and happiness!
Hope this finds you well! I’ve been watching you quite a bit on youtube and have seen how you have grown, and matured in the business, and I’m truly impressed! Congratulations on all your success! I also noticed that you mentioned you have your own specific clause entered in the agreement of sale when dealing with a realtors, is it possible I can have the agreement of sale which you use when dealing with realtors please? I would greatly appreciate it! Thanks, Stephen
I’m a real estate agent and don’t do dual agency (when you represent both buyer & seller). An agent that doesn’t practice dual agency can still double side a deal if the buyer (in this case the investor) represents themself in the transaction. Instead of offering an agent to represent you too I would tell the agent you will be representing yourself in the transaction and there will not be a cooperative fee owed to a buyers agent if your offer is accepted.
hello this is my first deal/s & Im dealing with an agent ( out of state ) & she asked me ” will the end purchaser still use her to close the transaction ? ” ( do they? ) how do I respond to that. she’s aware I will be assigning the deal & she’s cool with it. she asked cause her commission will be locked in to the sale price from the seller. I said I would be glad to give her a commission out of my pay on top of what she gets from the seller. so I can deal with her in the future. thank you in advance for any & all help.
@PUMCORN how did it go? i want to try my 1st hometoday
I didn’t understand what you meant, can you simplify it plz
i actually am close to getting my license and I’m gonna work for kw to could we stay in touch id love to learn from you and perhaps one day be partners
So that agent gets that 3%- or no? How can I incentivize agents ( to contact me first) that do not do dual agency?
If you plan on using an FHA loan does the time you’re using to rehab a property factor in to the minimum one year of living at the property? Am I able to keep my apartment in the meantime? Your and Paul McComas’ videos have really inspired me to change my life! I’m learning as I go and it’s a lot to take in, but I’ve already been contacting agents and making moves.
I have spent all day watching your wholesaling videos and I have learned sooooo much!!! Omg! You are amazing! People are out here charging $5000 for a few videos and you are dropping gems for free. Thank you!
This is my thing she not just dropping she is actually teaching and showing us how to do and what and she a millionaire okay that speaks volumes of this young lady😊 respectfully speaking
Lili….this is a great, truthful video full of advice that the Realtor community will applaud! However, just so you know, there is no standard 6% commission built into the deal. Many times when we help our clients with distressed properties, the commissions are negotiated lower (sometimes significantly) in order to help the seller in this very stressful situation.
Thanks for this super helpful video! What’s your response to them when they ask you to go and see the house while you are wholesaling virtually?
I’m only 2/3rds the way through this video, but it’s by far the best video I’ve seen on wholesaling since I found out about this strategy two days ago (I’ve been nonstop consuming educational content for the past few days). Well done! Subscribed, liked, and eager to watch more of your content
Love your video. I’ve been running into the agents asking for POV, and asking ‘who is the buy’. How do I work around that? I was taught like you said, get the house on contract before reaching out to buyers. Finding videos that contradict each other.