My First Deal in Dallas

[Sayo Owoseni]

So I am searching for my first buy, fix and sell in the DFW metroplex. I have found a property with a motivated seller who is also interested in just having me come in and do the repairs. 

Now, I need to find out if this is a viable deal to go into because I do not want to waste my partners money. 

I do not have my Power Team Setup Yet. I need a Real Estate Agent, Attorney, and Contractors to work with in the Dallas area. 

1. How do you all suggest I approach getting comps on this property?

-Should I be concerned that if I give the address to a real estate agent that they may pass it off to another investors? (I know that might be a silly concern, but it just suddenly popped up) Many people have told me about the "untrustworthy" folks in this industry I guess that's why this concern came to me.

2. This is time sensitive because it's a fresh lead. Should I get the contract for the property from him and buy this cash or should I just do the repairs and split the profits with him?

This fun, and nerve racking and the same time !