Using an Agent for Multi-Unit Purchase

[Joel G.]

Hello All,

By way of introduction - I am a new investor in the Phoenix area looking specifically for multi-unit properties. Being that I am new to this process, I wanted to get BP's feedback on whether or not I should look into getting an agent for purchasing my first multi-unit property. I've established some relationships with real estate agents as well as wholesaler's in the Valley, but I'm interested in hearing both sides of the argument (i.e. folks who have used a real estate agent and those who have not).

As a bit of background - This will be my first property that I purchase and expect to finance it using an FHA loan (3.5% down, leaving a cushion in my bank account for any unforeseen expenses). I'm interested in purchasing a quad (maybe a duplex) where I'd live in one unit and rent the other units out. Ideally, I'd like to cash flow $40k in five years (still am developing my goals/strategies as I learn).

Looking forward to your insight!

Respectfully,

Alexis