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Updated over 6 years ago on . Most recent reply

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Thomas Burke
  • Alexandria, VA
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Long Time Podcast Listener Seeking Advice on Michigan Property Sa

Thomas Burke
  • Alexandria, VA
Posted

Hi there.  I am a long time podcast listener and lurker, but I have a serious question now as I am helping a friend with decided what to do with a house he has in Oak Park Michigan.  He currently rents the house ts below market as he utilizes it for storage.  He lives in another city, and with a baby on the way has decided he wants to divest of the property.  I have met the neighbors, and know they pay $1,000+ a month for rent, and he thinks the property's fair value is around $90,000.  Listening to so many Bigger Pockets podcasts made me jump on this as a potential rental investment opportunity.  

Given the metrics are very positive for rental investors, would using a realestate agent be a negative? I get a feeling that investors want to skip the agent's fees. Would using a flat fee service to get it on the MLS be discouraging? Right now, Zillow is showing a bunch of incorrect info he wanted to clean up, and I thought and MLS Listing might help clear that up.

Apologies if these questions are too basic.

Tom

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