All Forum Posts by: Emily Laughlin

Hey @ Leah Stuever - We use the BP calculators to get the numbers right for a deal that works for us, we spend some time on the county website to find out more about the owners, history, ect. We drive by and check out the neighborhood - all in all this can take anywhere from 1-3 weeks (we have 2 small kiddos and both work FT). Also, we don't have a buyers agent so we are doing all the leg work/calling ourselves as well. 

In a market where time is of the essence, how much due diligence should I be doing before an offer and after the offer during the allotted "due diligence" time? More than once now I have missed out on an opportunity because it is under contract before I am able to complete my analysis/research and get my offer in. 

Wondering how much analysis and research is sufficient to make an offer and what details/assessments are better saved for the due diligence stage?

@John Warren thank you so much for your insights... so your saying even if we were to represent ourselves the seller's agent is still contractually entitled to a full 6% commission?

We have purchased many SFR homes and feel pretty comfortable with the process. What advantage might a buyer's agent bring to the process of purchasing a multi family investment property? Thanks again!!

I'm looking for my first deal and have been doing a lot of research on BP (podcasts, forums, books, etc). I'd like to start with a multi-family if possible. I've been analyzing deals using the various calculators and have some of my own cash to get started.

I'm wondering if not using a buyer's agents sweetens my offer to a seller, who then only pays one agent, not two. Am I missing something? Is this common?

If I do need an agent, what specific things would an agent bring to a deal that I could miss?