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Updated over 3 years ago, 03/30/2021
How do I start to talk to real estate agents in my area?
Below is the email I have sent to 3 different real estate agents to see what they say. None of them have responded to me and it's been almost 2 days. Am I being too upfront? Do they know I'm inexperienced? Please help me critique what I should do or How I say things. Anything will help thanks.
(Granite at this moment I am out of town so I found these point of contacts online in my area and have emailed them) I will be back in town in 2 weeks to hopefully meet with them.
ACTUAL EMAIL:
I have sent you the criteria that I am looking for and was hoping there is some way you can setup automatic updates. I have a few questions that I'm hoping you can answer.
1. Can you set me up with automatic alerts so that whenever homes in my criteria comes up I get an automatic email?
2. Do you have a comp spreadsheet of all types of homes so that I will be able to come up with an ARV on my own and not have to bother you with looking up comps?
3. If so I will be back state side in two weeks and was wondering if you could show me fairly quickly how to read comps and compare using the spreadsheet/data.
4. What other good options besides the VA loan are available?
5. Do I need a pre approval letter before we sit down and make offers on properties?
I am looking to purchase my first investment property within the next 90 days as long as all the numbers work.
Here is the criteria of the homes I am currently seeking for.
Town: Hope mills/Fayetteville (the good parts)
Neighborhood: Any with a great amount of potential
Property Size: 800sqft-1400sqft
Lot Size: Any
Property Conditions: Ready to rent/Light rehab
Number of Units: SFH/Duplex/Triplex/4-Plex
Cap Rate: 12%
Price Range: 30k-100k
A little background about me:
I have lived in Fayetteville for the past 5 years and am actively seeking to get invested in real estate. My goal is to obtain a property in the next 90 days as long as the numbers seem fitting. This will be my first purchase and I plan on purchasing more in the future. I am military so I have access to the VA loan. Although I am still learning the ropes I have done my homework on real estate investing. I look forward to listening to your sound advice on what you think I should do. I will have to finance the property so I am hoping you can show me the best route. I look forward to sitting down with you in a couple weeks to discuss further.
Very respectfully,