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Updated about 1 year ago on . Most recent reply

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35
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Collin Mitchell
  • Danville, CA
13
Votes |
35
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Do I need a buyer agent

Collin Mitchell
  • Danville, CA
Posted

My wife and I are getting ready to buy two duplexes from a builder in TX, and this is our first REI purchase other than our primary home, which is now a rental.

Do we need a buyer's agent or a RE attorney to get the deal done? 

The alternative is using the seller's agent, who is the daughter-in-law of the builder, which I have concerns about, 

I would appreciate any feedback and references of who I could use. 

This is in the San Antonio, TX, Market. 

Thanks! 

Most Popular Reply

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2,202
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John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
2,678
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2,202
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John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
Replied
Quote from @Danielle Davenport:
Quote from @John Morgan:

@Collin Mitchell

I’m in Texas and only use the listing agents. I’ve bought 19 rentals using only the listing agents. It’s easier for me and give me an advantage.


 @john I am looking at additional investments in TX - where have you had success?

I buy properties in the 200-260k range in central areas near freeways in the DFW area. I target working class hoods in Grand Prairie, Arlington, Fort Worth and Haltom city. I paid 210k for my last two in Arlington that were pretty much turn key.  The one I closed on a couple weeks ago only rents for $1950/month (because my wife offered it to her friend to rent for that cheap-lol) and the other one rents for $2465/month with sec 8. I find homes in this price range appreciate higher due to much higher demand. And market rent in the cheap 2k/month price range for starter homes has really gone up the last few years due to low inventory. 
  • John Morgan
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