All Forum Posts by: O'brian R.

@James Wise haha, right?

@Adam K. no agreement has been signed of any kind and my agent has never brought it up. Though when I first called around to several agents in the beginning, I noticed that many of them did ask if I signed any agreement with another agent. Is a representation agreement just depend on the agent?

My agent is also not an investor, but has worked with them in the past. Though she's getting me a reference to a previous investor client so I'll follow up with their experiences when I get their contacts.

Thank you all, these are very helpful responses.
@Darren Sager

@Darren Sager, I think you're right that she just may be more old school. Sent her a text early this morning and heard right back from her.

@Robert Williams, you're right I probably need to have a conversation to lay out my expectations as to the need for same day responses. I think she'd understand if I explain the reasoning that deals just don't stay on the market after several days. And no I wouldn't work with more than 1 agent in the same area at the same time. Though back to @Darren Sager's point of servicing a huge metroplex such as DFW, there may be a valid reason for it.

Just want to preface this by saying this is my first time working with any real estate agent so I'm wondering if the relationship I have with my agent is typical or not. Additionally, I'm investing from out of state so communication is exclusively through the phone and by email.

For the past 3 weeks I've been working primarily with 1 agent in DFW. Over the phone, my agent is very helpful, full of information, and is never in a hurry to get off the phone. The agent even says that they can check out the properties for me, take pictures since I'm out of state, and even coordinate working with my PM to evaluate possible properties before making an offer. I've been looking into HUD and Homepath properties as well and she's been very informative with both options. All sounds good right?

The problem is that the agent's email communication is terrible. While I get the agent's automated listings by email nearly every day, whenever I respond to them with questions or comments, they're almost always left unanswered. This happened for almost the entire first week where the agent later told me that my emails mistakenly went into the spam folder.

On many occasions, I have sent the agent listings that I've found myself which have potential (i.e. meet $100/month cash flow using 50% rule using achievable rents based on a Property Manager's CMA) and wanted to get her opinion as to the property's actual value and then possibly look at the property. Didn't hear back for about 3 days at which a couple of the listings were already pending a contract by then.

I will say that the agent is pretty good about phone calls and is generally responsive if I try her phone. But given the time zone difference and my full time work schedule, email is often the best and only option at times. Am I being unreasonable here to expect more timeliness with her emails?

Also, if I do decide to look for another agent in the future, is there any etiquette I should be aware of with working with 2 agents?

Haha, I'm on that site literally everyday! Thanks for the info @Michael S..

Thanks @Chris Al. Can you share what fees you're talking about? Also, I'm wondering how negotiable they are with their listing price. Given that these properties are generally sold as-is and there won't be any repairs/fixes once after an inspection is run, I'm hoping there's some room to bring the price down.

Hi all, I'm new to RE investing and I'm pursuing my first SFH through HomePath. I was wondering what experience people have had going this route. I know that I'll be able to put down just 10% and avoid PMI, but are there any other considerations (positive and negative) that I should be aware of? Thanks!

Welcome aboard @Leah M.!

I know what you mean about the resources on this site. Between the podcasts, articles, and forums there's so much amazing material to keep one occupied than time available.

Hi @Leah M., I work right in El Segundo!

@James Shelby @Xavier Ramirez Thanks for the welcome. I'm not familiar with the Las Vegas or Hemet market, but I am looking for cashflowing properties in stable and growing markets.The higher than national avg unemployment rates are a little worrisome to me though.

Very awesome tool! Thank you so much for sharing @J Scott