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Updated over 6 years ago,
What happens after offer gets accepted
Hello, I am new and working on getting my first rental property. Wanted to see what anyone else's thoughts are but let's say I found a broken down house, contacted the owner, and got my offer accepted.
1) Where do I get a legitimate contract to give to him with inspection and financing contingency. Would it make sense to get a realtor involved even when I initially made contact with the homeowner?
2) How do I know there are no concerns with title or other legal issues...?
3) Are there any other big concerns that I may not have mentioned?
I guess these are some of the things keeping me from pursuing a property outside of a major wholesaler or realtor. It seems to me that the guidance and knowledge of realtors are invaluable especially with pursuing the first property..