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Updated almost 12 years ago on . Most recent reply

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Patrick Holliday
  • Ferndale, MI
0
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New to investing but have done the research in my target market, I am a bit unclear on private investors and how to approach realestate agents to build a partnership with

Patrick Holliday
  • Ferndale, MI
Posted

I am a new potential investor looking to go the route of private investors or hard money lenders. I have done the due diligence and researched everything from schools, job market, is it a solid first time homebuyers market and what percentage of the homes have sold in a specific area. All of this is well and good but now it is time to find the investor. Every thing that I have read leads me to believe that I need to find the money first and aquire the proof of funds letter before approaching the potential real estate agent I would like to team with to access the MLS database. The problem that I am running into is the hard money lenders that I am willing to approach are asking for very detailed information regarding properties, which I have not searched for yet. Should I approach the realestate agent with the hope that they will give me access to forclosures or do I find the funding first?

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Danny Abalos
  • Real Estate Agent
  • Aurora, IL
1
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10
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Danny Abalos
  • Real Estate Agent
  • Aurora, IL
Replied

patrick
i'm no expert but you don't need anything to look at a property you're interested in buying. when you get to the i want to make an offer part you will need a POF. i think most agents will gladly show you all of the props out there if you say you're going to use them for the buy. i use several agents to look at props and if i decide to make an offer, i will use them. i also have a go to agent that is there when i need them. i prefer to use them but in a pinch i will use any agent available. just don't sign any exclusivity agreements with any agent unless you plan on only using them
good luck my friend
danny abalos

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