Why do agents take it personal?? My Journey to find my first flip!!

[Joel Owens]

Okay so I have started putting my own offers out there.

Property

1.Located on main highway.House is a POC had it listed at 80k now expired and re-listed at 39,000.Old house on block foundation needing a ton of work.

Offered 5,000 cash close in 7 days.The land eventually in 4 to 5 years will go commercial but monthly rents will be low as house is right on the highway.40k for it is a pipe dream.Agents gets all mad in an e-mail and didn't even counter and said land value is worth more than that.You would think he would even ask for a counter for his client the bank but no.

2.Ranch house built in 70's about 1,200 sq ft.In a subdivision I grew up in and know well.Other homes have basements and are larger so ranch style is only 5 out of 100 in subdivision.

Needs new carpet,windows,roof,kitchen,baths,etc. Resale maybe 85k to 90k.They want 41k and I offered 5k cash.Agent is nicer and says bank recently rejected 21,000 for it.

This house at best is worth in the 20's.There is another house in the subdivision across the street asking 38,000 and has 1,954 sq ft with less work.

I have a bunch more cash than 5,000 but my thoughts are if I am going to buy and old house for commercial land to hold I don't want to pay a premium.If I am buying for a flip if I can get cheap enough I will use cash but if I have to go to a certain bid level then I will use hard money to preserve my capital.

[Ophelia Nicholson]

Hi Joel,
This is my first post here, I lurk alot but was encouraged to post by a post about participation earlier today and your post. So thank you!. I wanted to share my experience with the same issue if you don't mind and if you don't take it as my hijacking the thread ofcourse. We are in MD about 10 minutes from DC so the market here is diffrent than GA. Recently we were looking for our first flip we had a buyers agent and we only had about 60k so it not that we were trying to offend anyone with the offers but it was all we had at the time not including rehab.
My buyers agent every time I tried to put in an offer would verbally abuse me over the phone and by text about noone willing to look at our offers since we were underbidding. I literally felt like we will never get anything because my agent barely wanted to put in my offers and would scoff and laugh at them worst than the listing agents, would call me names I dare not repeat. So what did I do. I made changes and cut my agent and found one who didn't the 60k like toilet paper and we now have a contract and are closing in a few days. I saw this long post to say Don't pay attention to the agents - Thier goal is not your goal. Thier dream is not your dream. If the 5k is all you have to offer, then offer it and either they take it or leave it.. You will eventually get someone who will jump at your offer. Good Luck.