All Forum Posts by: Kevin Milton

Thanks for the feedback everyone.  I'll coordinate with an agent of my own and reach out through them!

I've been really looking at real estate investing the last few days and think I want to sell my current home (which we want to get out of anyways) and househack a duplex. This will give me a rental property for the future and let me get own monthly expenses down a bit from the tenant paying a large portion of the mortgage.

I found a brand new listing that looks like a steal and is likely to go very fast. Based on a recent video I watched (I don't think it was from BP, but could have been... I've been drowning in videos the last few days trying to learn!), I'm inclined to called up the seller's agent and basically tell him I'm super interested and would be happy to let him represent me AND let him sell my current house in hopes of landing this place. My assumption here is there will be multiple offers on this place right away and me coming in with the contingent that I have to sell my house and need financing is probably not going to look that great, but maybe letting the seller double dip and represent my sale will get him to push the seller my way, maybe even get me a price break. 

Is this a good strategy or was that video I saw full of crap and I should get my own agent before reaching out?

Thanks everyone. This confirmed my thoughts on the matter.  If I get to a point that I'm buying often in the future then maybe I'll look into it, until then I'm likely better off without. 

I'm new to REI but would like to buy a small multi family unit, maybe a duplex or quad for some extra cash flow while keeping my full time job in personal finance. Is it worth getting my agent license? I've heard it can be a boon or a hindrance (how it could be the latter, I'm unsure). If I should get it, don't I need a sponsoring broker? Who would sponsor someone that isn't actively looking to sell for them?

I'm in the southern metro of the Twin Cities, Minnesota if it matters.

Thanks!