All Forum Posts by: Jared Smith

@Vincent Pollitto

Thanks Vincent! Would love to meet up!

@William Hochstedler

I did not. I will ask him.

Thank you so very much for this insight!

This is super helpful. He is in Idaho if that helps at all. I am in Utah investing in Idaho. This is my first investment. 

@Joshua Hively

Thank you Joshua!! Super helpful!

@Jay Hinrichs

Thanks Jay. I put what he explained to me on the reply to Charlie who also was kind enough to respond as well. You guys are great!

@Charlie MacPherson

Thanks Charlie! This is what he said

“Our office has a different take on the agency. In order for us to click the button that says we are agent to you we must fill out a " buyers representation agreement " with you. The way to look at this is it's like a listing that a seller would sign to list their home. The buyers rep is something that was invented by realtors to get paid no matter what happens in a deal. It would tie you to us and if you decide you didn't like the way we chewed our food you couldn't leave us and go to another agent without us having a chance to sue you for a commission. A buyers rep is the very first thing most agents will have you sign.... not us we think they are a scam. But if you want one we can sure fill one out and be able to check the " agent " box on the purchase and sale. “

I am reviewing the offer agreement that he realtor I’m using wrote up and sent me to sign. As I read through it I noticed that he marked himself as a “Non-Agent to the Buyer.”

Is this normal?

Would love some feedback on a property I just put an offer on:

$130000 price tag

Putting 25% down

Taxes are $1676

Has an adjacent dwelling on it so the total gross rent income is $1450

Property Manager is charging me 10%. No tenant placing or vacancy fee.

The home is in great shape with tenants already signed for 9more months.

5% of monthly cash flow for maintenance.

interest rate is at 5.375%

Am I ignoring something?

I feel like this deal is gonna cash flow about $460

Would love to find out if I missed the boat somewhere..

Thank you!

Lookin for advice. :)

Just made an offer on a duplex. Site unseen. Sent the earnest money.

I’ve looked at pics and those look fine. But we know you can’t trust pics.

Should I have at least asked for a virtual tour for example Marco Polo app or something similar?

Are will this come up during the inspection?

New and could use some sound advice. This is an out of state deal so I can’t just drive up and take a peek.