Found a home with motivated seller, what do I do now?

Found a home with motivated seller, what do I do now?

Specialist · San Antonio, TX · Member since 2014 · 122 posts · 11 votes

I found a home with whose ARV is $208k selling for $140k with about $15k or repairs. The owner is not interested in owner financing and is a burnt-out landlord with nightmare deadbeat tenants whom he kicked out. My question is, he doesn't have a realtor but I can get one to represent me. What are the steps to take in a situation like this? I'm very new at this. My plan is to repair and hold as a rental property. The rent comps came out to $1,300.

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  • Investor · Avilla, IN · Member since 2013 · 796 posts · 769 votes
    12y
    Why do you need an agent when you've already found the house? You need a title company and an attorney more likely.
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