I have read a lot on here about how real estate agents can be a crucial part of your business. I am still a little confused and I was hoping someone could explain it to me.
If my goal as a birdogger and wholesaler is to find a distressed property with the hopes that I can put a low offer and "flip" the contract to another investor, how does a realtor on my side or "team" make this a good thing for me? Would it be necessary to have a realtor involved on my end? If the seller has a listing agent/broker/agent and has to pay he/she when the deal closes, why would it be to my benefit to have an agent representing me? Or how could I motivate a realtor to go out and put in low offers on distressed properties with me when they could capture the entire comission on their own? is it because I have possible investors in on the deal?
So lets say I find a house at $200,000. The owner owes $150,000 on it and is facing foreclosure. I work out a deal with him/her and put it under contract for $155,000. This satisifies the seller and then I resell it to an investor for $160,000 making $5,000 profit for myself. How would I benefit from having a realtor on my side or helping me find deals? I guess i'm not seeing it. I know i asked this question before, I just didn't get enough clarification. Thanks everyone for your help and patience.