All Forum Posts by: Carlos Segura

Hello Bigger Pockets members.   I am looking for off market properties in Maryland- two questions for those Investors who are also Real Estate Agents:

I know I will have to disclose I am an agent, however should I disclose up front in my marketing letters to potential sellers that I am a Real Estate agent that is looking to buy an off market property for myself or when a potential seller calls?  I am wondering if disclosing that in a marketing letter will deter any potential sellers from contacting me about their property because I am an agent.

Do you use the standard contract you use with clients or do you use a purchase and sale agreement template you can find on bigger pockets and other real estate investing sites?  In your experience have any sellers preferred to not use the standard Realtor contract and wanted to use a simplified purchase and sale agreement?

Thank you in advance.

Carlos

Hi Rafaella, I agree with Stuart’s comments. You need to invest where the numbers make sense to you. I live in the area and to me Glen Burnie offers good options, other possible areas are Crofton, Bowie and Pasadena.

When estimating costs I would include property management costs even if you will be doing property management yourself. That way you would have set aside some extra money and you’ll have room to hire a property management company if needed when new deployment orders come.

I hope this helps and good luck!

Investment Info:

Single-family residence buy & hold investment in Glen Burnie.

Purchase price: $145,000
Cash invested: $35,000

3 bed / 2.5 bath short sale town home. Closed in Dec. 2017 completed the renovation project in May 2018 and listed it for rent in June 2018