Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Qing Willow

Qing Willow has started 1 posts and replied 5 times.

Originally posted by @Lynn Wise:

@Qing Willow a Realtor can help guide you through the close process even for off-market purchases. You don’t necessarily need to partner with them.

Lynn, at which stage should I engage a realtor? After signing the contact? I wanted to respect the seller's will, but also want to make the process easier on me.

Originally posted by @Ryan Kelly:

@Qing Willow At minimum you need an experienced Realtor or investor partner that knows how to evaluate properties, negotiate contracts, and understands the current market conditions. It doesn’t currently sound like you are comfortable with any of those details. Don’t go it alone would be my advice.

Should I engage a realtor when the seller already told me that she doesn't want to work with realtors? 

Originally posted by @Michael Kundrat:
Originally posted by @Qing Willow:
Originally posted by @Stephen Stokes:

@Qing Willow bring in a partner with more experience than you.

Thanks, Stephen. Do you mean bring an inspector for the first walkthrough ?  The seller made clear that she doesn't want to engage relators, so I wouldn't be able to leverage my relator on this one... 



He means for you to find someone who has done deals before and has the knowledge for what to look for to determine the opportunity that you have in front of you. Split the deal with them however you agree to.

This will get you to learn a lot in the process and thats the investment. It will also open up your network in working with a new partner.

 Thanks for your clarification.

Originally posted by @Stephen Stokes:

@Qing Willow bring in a partner with more experience than you.

Thanks, Stephen. Do you mean bring an inspector for the first walkthrough ?  The seller made clear that she doesn't want to engage relators, so I wouldn't be able to leverage my relator on this one... 

My friend just connected me with her neighbor who is selling her Austin SFH rental property off the market. The owner and I agreed to meet this week to check out the house. I'm new with off market buying process and this is an old house built in 1970's with septic tank system. I wonder what I should look at and what questions I should ask the owner in order to evaluate the house condition and offer/negotiate a fair off-market purchase price.

There are many similar houses sold in past months in the same neighborhood but in various conditions. Some are completely renovated, some need lots of work. I don’t know if they could be practical comps. I assume the inspection only starts after signing the contract? How can I protect myself by including some clauses in the contract? What else should I be aware of when evaluating the house and securing a contract?

As you might tell, I’m super excited and nervous about this potential opportunity. I appreciate your advice and insights! :) Thank you.