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Updated about 8 years ago on . Most recent reply

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12
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Cedric Daniels
  • Real Estate Investor
  • Memphis, TN
6
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12
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Want to know how to cash-out on a property with a realtor.

Cedric Daniels
  • Real Estate Investor
  • Memphis, TN
Posted
Wanted to get some feed back about buying a property without realtor vs having one. I'm still New( only 2 properties under me) and trying to grasp different ways in REI. So I wanted to know since I'm not that experienced or knowledgeable on different ways to handle transactions I wanted to get some ideas form some seasoned people. I'' currently looking into buying a property in the Memphis areas with a budget of $25k cash tops , to buy and hold. I'm going to stay there for the first 3 years myself because I don't want to rent anymore until I finish school. I have some skills to do fixer uppers but I'm not looking for a total gut job either. I want advise on how should I go about buying it because I have seen a few places that I wouldn't mind purchasing. Should I get a realtor or how should I save the commission of realtor in get my own RE lawyer and title company and make a cash offer myself?

Most Popular Reply

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

If you're focusing on trying to save the commission on a $25k purchase (the seller thinks they should get to keep it, and the buyer thinks they should get a reduction for it), you're focusing on the wrong thing, and limiting your choices.

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