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All Forum Posts by: Imran Syed

Imran Syed has started 10 posts and replied 15 times.

Hello Investors,

I hope you're all doing well. I wanted to reach out and seek some advice from you regarding a situation I'm currently facing.  As I started marketing the property, I received numerous rental applications, many of which are from individuals with Section 8 vouchers.

After doing some research, I learned that it's not permissible to reject applicants solely based on their possession of a Section 8 voucher. This brought up some concerns, and I was wondering if any of you have experience in dealing with tenants who rely on these vouchers. I'm particularly interested in understanding how you ensure that applicants with vouchers will be responsible and reliable tenants. Are there any specific screening methods or criteria you use? Are there any particular warning signs or challenges I should be aware of?

I would greatly appreciate any advice or insights you can provide on this matter.

Thank you in advance for your assistance and support.

Hey everyone,

I just bought a house in Towson, MD and I could really use some help. Do any of you have any recommendations for a good plumber or contractor in the area? I want to make sure I find someone reliable and trustworthy. Any suggestions would be awesome!

Thanks a bunch!

Post: Dual Agency Consent.

Imran SyedPosted
  • Posts 15
  • Votes 6
Quote from @Account Closed:
Quote from @Imran Syed:

Greetings fellow real estate investors,

I come to you with a situation that has me scratching my head. I just completed inspection contingencies for the property I am in the process of buying, and to my surprise, my real estate agent emailed me to consent to a dual agency contract.

After doing a quick Google search, I discovered that this should have been disclosed from the get-go. Needless to say, I am a bit unsettled and feeling unsure about how to proceed.

As seasoned real estate investors, I am looking for your advice on how to handle this situation. What questions should I be asking my real estate agent, and is this an appropriate time for such a disclosure?

I appreciate any insights or advice you may have to offer.

Thanks in Advance.

I never allow dual agency. I believe it's impossible for an agent to strongly represent your best interests while representing the other side. I think it is dishonest and unethical for an agent not to disclose this up front and the agent's broker should be notified.

All of that being said, you can walk from the deal. Another more complicated situation is, do you fire your agent, (which doesn't change his representing the other side), you still have someone who knows your intimate negotiating details and will use that against you. Or do you allow your agent to hand over the other side of the transaction to another agent who hasn't done any work and still pay the same fee?

In real estate the argument from agents is that the seller is paying for the agent. This is not actually true. You are paying the agent through the seller. The seller would sell the property to you for less money if they didn't have to pay the agent's fee.

I never use an agent, but that's me. I buy for less than the selling price would be if an agent was used and still the seller walks away with more money. A $500,000 sale with an agent fee of 6% is $30,000. Saving $30,000 is a lot of negotiating strength.

But, dual agency, never!


 This helps. Thank you very much for your response

Post: Dual Agency Consent.

Imran SyedPosted
  • Posts 15
  • Votes 6

Greetings fellow real estate investors,

I come to you with a situation that has me scratching my head. I just completed inspection contingencies for the property I am in the process of buying, and to my surprise, my real estate agent emailed me to consent to a dual agency contract.

After doing a quick Google search, I discovered that this should have been disclosed from the get-go. Needless to say, I am a bit unsettled and feeling unsure about how to proceed.

As seasoned real estate investors, I am looking for your advice on how to handle this situation. What questions should I be asking my real estate agent, and is this an appropriate time for such a disclosure?

I appreciate any insights or advice you may have to offer.

Thanks in Advance.

I recently found myself in a strange situation while negotiating for repairs with the seller after a home inspection. My agent informed me that the seller's agent had already mentioned that the sellers were not going to fix any issues found during the inspection. However, it turns out that the seller's agent is actually goint to fix these issues because they are so nominal.

This situation left me feeling suspicious and unsure of how to proceed. Has anyone else experienced anything like this before? Is there any advice or caution I should be aware of when dealing with situations like this? Why would a seller's agent fix anything?

I appreciate any insights or experiences that others have had in similar situations. It can be difficult to know how to navigate these negotiations, and any advice or guidance would be greatly appreciated. Thank you for your help!

Congratulations Sir. Hope you have a many more

Hey there, folks! As a newbie investor, I've been actively exploring the real estate market and analyzing various properties, both single-family and multi-family, within and outside of my state. However, I'm facing a bit of a roadblock as I'm unable to find any property that generates a good cash flow, if any.

This got me wondering, is it really worth investing in a property that generates no cash flow or, worse still, has a negative cash flow? Sure, there's the aspect of building equity over time and the potential for appreciation, but I'm struggling to see how this will help me achieve financial freedom in the long run.

So, I'm turning to this amazing community for advice and insights. Have any of you faced similar challenges? What approach did you take to overcome them? Any tips or guidance you can offer a newbie investor like me would be greatly appreciated. Thanks in advance for your help

Dear investors,

Anyone has anyexperience investing in Merchantville, NJ. As professionals in the field, your insights and recommendations would be greatly appreciated.

If you have any information regarding the investment opportunities, potential risks or red flags in the area, it would help a lot

Thank you

Hello Nathan,

Although I am notresponding to your query here, I do want to ask you how did you investment turn out in Merchantville NJ.

Do you have any insights on the town whether it is a good place for investment. Any information would be greatly appreciated.

Dear fellow investors,

I am currently considering a property that is listed at an asking price of 250k, and I believe that it is in great condition and ready to rent out. The rental and selling comps for the area also seem promising, which makes this a potentially lucrative investment opportunity. However, my main question is regarding the impact of cash offers in the negotiation process.

Assuming that I can close the deal at a fair price of 240k with bank financing, I am curious to know what a reasonable price might be for a cash purchase. I am also wondering if cash offers hold any leverage when it comes to making an offer on a property.

I would greatly appreciate any advice or insights from experienced investors on this matter. Thank you in advance for your help and guidance.

Best regards,