Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago,
POF LETTERS USED ONLY TO GET EQUAL ASSISTANCE FROM REAQL ESTATE AGENTS
I am a brand new Real Estate investor attempting to set up a buy and flip deal using a Asset Based Lender. I want to make sure Real Estate agents with access to MLS information that is not available on Zillow or other similar sites will assist someone who is not using conventional lending methods and does not have verification of funds. I can get a Proof Of funds but do not have control or guarantee of funding. I am willing to do something nice for their time and promise to use them as my expressed agent on the deal. I have found they are asking things like "How many houses have you flipped and even do you have proof of funds" I know they just do not want to waste their time. But I need to do due diligence in finding out questions like "List of Homes that have sold in the last 3-4 months in this neighborhood?"
This is vital for finding the right house to start with.
Once I have the right house then I can go to the ABL with excellent documentation and be certain of funding.
SOOO. ???? How do I approach an agent to ask for help before I am established? And what suggestions do you have for compensation for their time?