Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
Jeff P.
  • Investor
  • Redondo Beach, CA
1
Votes |
8
Posts

Question - working with RE Broker outside the box. South Carolina

Jeff P.
  • Investor
  • Redondo Beach, CA
Posted

Hello all!

I have in investment property in SC with a tenant who has 20 year experience as a property manager. I started working with a RE salesperson in the area, but so far her only value is providing MLS listings, CMA's, and rent comps. My tenant can go see a property and I trust his judgement in judging the property condition and the location value (I don't live in SC). With the salesperson, I'm the one who is trying to think creatively like an investor and she seems just focused on price.

I don't have a buyers agreement with her.

The typical SFH I'm looking at is around $150K.

I only need MLS info, CMA's, and rent comps. My question is is it reasonable to seek out a broker and ask him/her to provide me the above in return for 1% of the deal if it closes? Should I ask the current salesperson for this setup? I assume she can't because she's not a broker...

Any other ideas that would make a better fit for my situation?

Thanks for your help!

Jeff

Most Popular Reply

User Stats

23,418
Posts
13,509
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

The agent has liability to you, no matter how little you pay them.  Many times, the real work comes after the property is found and under contract.  You will certainly need to find a rookie or slacker to do this deal, if at all.  Have fun!

Loading replies...