All Forum Posts by: Lina Naik

 Did you read the thread? 

The idea came about when the seller didn't have an agent and was selling it FSBO. But then he got one. Just needed to think through my options. Yes, I'm convinced to get an agent to write up our offer. Thanks!

Thanks everyone for the input. You've convinced me to contact our agent on this one. 

I agree the rate is reasonable, but it's a question of whether we want to pay that amount just to write an offer that may not even be accepted.  A realtor would write the offer for free, with the idea that they would get paid at the end if the deal is done.   The more I think about it, the more it makes sense just to use an agent, even though I did all the leg work! 

I should clarify that I've always gone through real estate agents when buying property. This is the first time I'm trying to do it without one.  

Already found the property and know what I want to offer, including terms, etc.  The seller first listed the property on craigslist (which is how I found it), but recently listed it on redfin with an agent. 

I would prefer not getting an agent as I've already done the work in terms of finding the property and researching comps, etc.  Also have an inspector and lender lined up.  All I need to do is make the offer for now.  

How do I do that? Find the forms online and fill it out? I've heard the DC forms are fairly standard. I contacted an attorney and they estimated it would take 2-5 hours to fill out a purchase agreement @ $375/hour, which is way overpriced. I could negotiate the cost down, but realistically, I don't even think the seller is going to accept the offer. Also the attorney is talking about setting up an LLC, etc., which I don't think I need to do.

This isn't my first real estate purchase, but first investment, so not exactly sure how to move forward. Any advice would be appreciated. 

Thanks, Tom.  Have you attended or know of any good real estate groups/meet-ups? 

 I assume you mean Baltimore. 

Jessica, are you still in DC and any chance you could send me the list of groups in DC? 

Hello, all.  New to this board, still trying to soak in as much info as possible.  Based on what I've read so far, it seems like most buy and hold investors generally follow the 1% rule, and certain other measures, when evaluating properties.  That said, is it even possible to find an income-producing property in DC?  Or do investors in this area generally invest for appreciation and amortization?