All Forum Posts by: Armani Emon

@Armani Emon

This is a widely used strategy by both real estate agents and wholesalers. Sometimes failed listings have later closed "off market" but you should be able to see that on Zillow or Redfin under sales history.

I am confused ? 

Does that mean that they are still open to selling thier home?

@Armani Emon  Congrats!  Lots to recommend and it would take a huge post.  Read up here on BP about it, also there are good books out there that can be purchased for under $20.

It can be a tough business especially if you managing the property yourself, screening tenants, etc.  I would recommend doing this initially so you can understand the business, collecting rents, reviewing repair expenses, leases, tenant-landlord law for your area (definitely know this!).

Have lots of cash reserves, I generally shoot for $10k per property.  Although rare, suddenly you may find with no rental income from a non-paying tenant, then additional eviction expense, cleaning the place back up, a roof leak and maybe a refrigerator goes.  Doesn't happen often but when it does, $5-10K can go quickly.

Good luck!

- Tom

Forget for a moment that if you are not licensed, the real estate agent will not - and most likely, legally cannot - partner with you to sell a property.

Why would a real estate agent partner with you on a property s/he already has listed?

If you were to bring a property to a real estate agent, what prevents them from approaching the owner to secure a listing?