You’ve all been hearing that you can get deals on the MLS and with working with agents. So how do you approach an agent? How do you do it? Let’s talk about it. Now, you’ve all probably seen that people are making money through wholesaling deals that are on market. So by the end of this video, I’m going to explain and show you exactly how to approach an agent. So you can wholesale a deal that is on the market listed with a real estate agent. On top of showing you exactly how to talk to real estate agents. I’m going to show you word for word, step by step what to say in the initial conversation, okay, and I also have a script that I can give you that will help you with that conversation. Also, I’m even gonna go more in depth on why you would approach an agent like what’s the point? What are you trying to accomplish when you’re talking to them. And I’ll even give you a real life example of me talking to a real estate agent and having a conversation so you know what the goal is, what we’re trying to get done, and how being transparent is the key to working with agents and really with anyone?
So what exactly do you say to real estate agents, I told you at the beginning of this video that I would give you a word for word script, a process to do it. So all you have to do is comment in the section below comment saying Nate, hook me up with that script, I usually just give this to people that work in my Payneless Wholesaling Club or my mentorship, but I’ll hook you up with the script. Now what this script does is it shows you exactly how to go through the sales process with an agent where you’re calling about a property they have, and you’re making an offer on it. Now the right way to do this in the Payneless Wholesaling method, the payneless way to do it is you have a buyer that you already know that is buying the area. So when you make offers, you already kind of understand what they’re looking for and what they’ll pay. So you’re not just going out there blind talking to an agent.
So when I talk to agents, I call and I know hey, I have a buyer that’s gonna buy this property, I know what he wants. So when I talk to an agent, I say, Hey, I’m working, I’m calling you because I see that you have a property that I’d be interested in making an offer on. And it looks like it would be a good flipper opportunity, I flip properties in this area, I work with other buyers as well. So I was wondering, you know, would this seller be open to a cash offer? Or are they just looking for the obviously the highest and best or do they want to sell this quickly. And I’m very transparent with the agents and telling them what I’m doing. Because as an investor, I need to get the property at a price that makes sense. And I cannot pay retail as an investor.
So I tell them upfront what my purpose and like what I’m trying to do now immediately, most agents like can tell that, you know, they’re not going to get a full price offer without even me making an offer just for me setting the stage and telling you what I’m doing. So it’s important to start off with that in the process of my script that you guys are gonna I’m gonna send you if you comment below, it’s going to walk you through that I also ask agents to represent me so they are motivated to get the deal done with me and have their seller that the representing sign the contract because instead of getting 3% for listing it if they represent me they’ll also get 3% on the buyer side and makes double the commission six they’ll make 6% or whatever the the seller is willing to pay them.
It might be like 2.5 or whatever that’s now comes into Commission’s not a big deal. But anyway, what to say to agents, well, just be transparent. Tell them what you’re trying to get done. You’re trying to find a flip that you can do with you or your team and just be transparent and let them know your goal is to find a good deal. If they’re like, yeah, the seller is not looking for, you know, a cash buyer make an offer anyway, just say hey, I totally get it. I’d like to make an offer anyway, would you be willing to present this to the seller? Now that’s that’s what you would say to an agent. So why would you approach an agent? Well, if you’re trying to get a deal, then that’s why you would approach an agent. But there’s another reason why you would approach an agent is you’re trying to develop relationships so you can find buyers that they work with. So there’s two ways to work with agents, either you’re making offers on deals they have, or you’re using their network and their experience to find dispo or sell your deals that you have under contract to their buyers.
So again, there’s two ways you’re trying to get deals for them or you’re trying to use their network for them to help you sell a deal that you have under contract. I use agents and both those ways so I actually have a real life example of me talking to a real estate agent and how to approach them and how to network with them and how being transparent is the best way to go about working with agents so they know exactly what you’re doing. Now a lot of wholesalers they tiptoe around saying that they wholesale I tell agents upfront hey I wholesale I fix and flip I do it all you know if they ask I usually don’t bring it up upfront just because it doesn’t need to be brought up but if they asked Hey, do you wholesale and be like yeah, of course who doesn’t wholesale everybody does it because I mean I’m a flip I fix and flip buy wholesale I do it all if this is your first deal. If you’ve never done a deal you can say well yeah, I wholesale, and I’m trying to get into fix and flip. That’s why I’m calling you and they say hey, have you ever flipped a property?
No, I haven’t but I actually work with some hedge funds and I work with some other buyers and I bring them deals so and if they’re like hey, I don’t want to work with you.
Well, that’s okay you know on to the next one, but it’s best if instead of lying and just trying to be shady just be straight about it. That’s that’s how I am but like I said, there’s a real life example that I have of me talking to agents so you can see how this process works. But before I get into that, I want to invite you To my masterclass by going to paynelesswholesaling.com and signing up and registering for free, you can go to my masterclass where I literally teach you live, how to do the pain, this whole selling process of literally going and getting a deal with zero to no marketing spend and closing it. We’re doing deals all the time without spending money.
And we’re going to show you exactly how in this masterclass. So, so join. And I’d love to see you there. But let’s dive right into this real life example. Because again, I want to show you all how to approach an agent so you can start making money from on market deals. So I was making an offer, I want to show everyone here really quick on how to talk to agents. Because a lot of you might struggle with knowing how to talk to an agent. So listen to this was Jay. Hey, Jay, how are you? I’m calling about your listing on Chasteen lakes. This is me making an offer? Do you have a couple minutes to chat? Are you busy? Sure. Yes, I’m just getting a call about the property. I’m an investor out of Salt Lake City, Utah, but I’ve recently kind of backed out of my market and I’m coming into land I grew up here close close this area.
Yeah, I just saw your listing, I looked for some properties in the area that looked like it needed a little bit of work. I’m either looking to flip them or rent them. But I just wanted to call you and have me get some more information on the property. I see the pictures, it looks like it needs some work. But is that kind of that is that kind of situation? It’s being sold as is or? Yep.
That’s definitely and he, you know, the owner and his wife, when they come back in town, they stay in it and they lived in it, but they just don’t have the time to work on something like you know, at this point, we’re just going to keep it on the market. If somebody buys it great. If not, then we’ll just keep using it as a place to come and park over here. Yeah, and stuff. And for them, it’s more convenient. But yeah, they’d like if we can sell it, that’d be obviously the best thing for us.
So as an investor, I mean, we always were always looking for good deals, they probably gotten some lower offers and just saying hey, no, we’re just going to sell it if we get the right offer, right? That’s exactly right. Got it. Yeah. So I’m new to the area unrepresented. I don’t have an agent that I work with yet, would you if we were to work them out? Would you be able to represent me? Or would
Okay, drop the price a little bit more keyboard concessions as well.
Okay. Is that what works? What you do? Instead of double dipping you you just take off the price and not not take the buyers fee? Or do you? What do you do?
I make it so everybody’s happy? Okay, great. There’s no one thing right. So everybody’s a little different. Yeah.
So for me either way, if you take both sides, or you just break, bring it down a little bit. It’s all good for me.
Right? So convince him to get more concessions. Yes. Right. So yeah. Anyway, so you know, we can say if it’s gonna take 25,000 or 30,000, of material, stuff to do it, then just ask him to pay 25 or 30 toward the purchase at the end.
And they’d be they’d be potentially willing to do that. It’s a net number to them. Right.
So that’s true between that and commissions and everything else. So we can act in harmony. Gotcha. That’d be the cleanest way to do is just say, keep everything the same. But let’s let’s see if he’ll, you know, give you guys a kickback for repairs and renovations.
Gotcha. So I’m taking a look at the property. I’ve done a little research in the area, not like too much. But the after repair value, is it still with the market the way it is? It’s still around like 525 50 If we repair this all the way or is that is that too high?
No, you actually nailed it. How do you want to use the evaluation?
I use a service I don’t know if you heard of it’s called batch leads. It’s like the software’s that you can run comps pretty easily. And like look for wholesale issues. Yeah, yeah. So I do both. I wholesale and I fix and flip. And that’s kind of why I’m leaving Utah’s just it’s just getting so it’s getting competitive. And not a lot of buyers are buying right now. So I’m like, You know what, I need to go to go to Atlanta, try something different. I’ve always wanted to invest in Atlanta, too.
So know the stuff in Atlanta if it’s fixed up itself, right. So it’s just bam. So check it out.
I told them exactly that. I’m a wholesaler, right? Like no biggie. Just if you say with confidence, there’s nothing to hide off. Where’s that you can run comps pretty easily? And like look for wholesale issues? Yeah, so I do both. I wholesale and I fix and flip and that’s kind of why I’m leaving Utah. It’s just it’s just getting so anyway, so I told them straight up and that’s the thing everyone you can say yeah, I also want to fix and flip I do it all. Why? Why would you? Let me tell you guys something really quick that are just getting started that don’t know, if you are an investor. If you’re a fixin flipper and you don’t wholesale, you’re dumb. You’re an idiot. Because you can’t as a as a flipper, you can’t take on every property you can’t if a wholesaler brings you a deal that is a great deal but you can’t flip because you’re you’re over leveraged. You don’t have any more money to flip. You’re just gonna let that go know you’re gonna say yeah, I’ll take that deal. And then you’re gonna wholesale it. There’s a flipper in my market. He didn’t 92 deals last year and out of the 9260 were wholesale deals. And he’s one guy he’s been flipping for 15 years he’s got it’s one dude. And he’s got three vas, he runs a more profitable wholesaling company than most people because he’s a flipper that people know and he’s willing to take those deals in wholesale right.
So that’s, that’s honestly why I got the model I’m doing right now is you as Payneless Wholesaling know your be a buyer and know your buyers, people will bring you deals and do deals when you can when you want to flip, and then wholesale the rest. But that’s why you got to do it the reverse way or the I would say the payneless way the right way. But if you just go and look for deals nonstop, nonstop, you’re going to spend a lot of money a lot of time. And that’s why previous money, because preview will show you exactly where the deals are in your area. And so you don’t have to just go look, look, look, look, look and spend all your money on marketing on stuff. Right?
I love it. Man. I think it’s so funny. So you and I, we haven’t really like you know, we’ve been doing our our thing separately, you know, in our own market. So we haven’t really gotten to see too much of what each other’s doing. And it’s funny because we’re both talking about the same exact thing I know today does a really big point I brought up to I wasn’t talking with agents, I was talking with title companies, I was talking with Title Company, a guy from New Western, and then a couple cash buyers and the one consistent pattern. And the one thing I explained to the people watching was I was like guys, you know, in my conversation, I’m not trying to like posture and make it sound like Oh, I’m this big dude doing all these deals. Like I’m calling people in Florida with a New York phone number and I live in Danbury, Connecticut, right? And it’s like, I’m not lying to anybody. I’m not making anything up. I’m just being completely honest and transparent of like, Hey, this is what I’m trying to do. This is what I’m looking for, you know, are you able to help me out? And, guys, I’d say that’s the number one thing that that we talked about is be honest, you know, go about the business in an ethical way. And the funny thing is when you do that, right, and you kind of put all that other stuff aside and behind you, you’ll find you get a lot more success, right? You’ll get a lot further with when talking to people, you know, be willing to just and vulnerable with people. Everybody doesn’t have to pretend like you know, we’re some big company
Alright, if you thought that was awesome if you thought that was good content even if you thought it was all right, please like subscribe and hit the bell icon because these videos are getting better and better every time I come out. And if you want you can leave a little comment in the notes in the comment section. Have a question that you have that I can answer for you. I’m always looking to make videos to help others succeed. So check that out right in the comments. Like Subscribe, hit the bell icon and we’ll see you next time.