Off Market Homes w/ an Agent

[Donnell Durden]

Hey Bp So I sent my info over to a mortgage broker and he said I'm a good candidate. A few hours later I get a call from an agent who says she recommended by one of the people who led me to the mortgage broker. She took me to see a house. It needs a full rehab so it may not fit what I'm looking for as I am trying to finance my first deal with a 203k loan. Whenever I'm in the my hometown (where I intend to invest in my first property) I go driving for dollars. I send her homes that are in semi war zones and multi family. She seems only interested in checking out the ones that are listed. In general if I send my agent a vacant property that's doesn't seem like it's for sale an I wasting my time? Should I be trying to find out who owns the property and asking if they are willing to sell? Do buyers agents do that or is that generally up to me, the would be investor? If that is my job shoot me over some tips. One thing I did catch on to was checking the local assessor website. But after that I don't really know what to do with the info. This it my first time having an agent in not all the way sure what their job includes. D

[Jeremy Pakalka]

@Donnell Durden Your agent is not concerned with off market deals because he or she believes he or she will not get paid on the deal. I would talk to the agent about being able to give you an ARV on a house when you send her the info and it is not listed. Let the agent know you will need an agent when you fix it up and want to resell it. If he or she will not help, I would find another agent.

If I were you, I would do all I can to find the owner of the vacant properties and submit an offer without the agent.