All Forum Posts by: Robby Sanchez

Quote from @Bob Stevens:

Quote from @Robby Sanchez:

Quote from @Bob Stevens:

Quote from @Robby Sanchez:

Quote from @Bob Stevens:

Quote from @Robby Sanchez:

I have a deal I'm interested in and would like to know more about it but the broker specifically says "there can be no showings until a contract is executed" what exactly does that mean? I understand I have to submit an offer before I can see the property but How am I supposed to come up with an accurate purchase price if I don't even know what the insides of the units/amenities look like? Do I just submit an offer based on the information/pictures provided and then retrade if there's things that come up during the due diligence period after I have already submitted the offer? 

thanks everyone! 

 You are 100% not understanding the realtor, NOBODY is going to ask you to put in an offer until you see it. If the realtor is really saying hey sign the contract before you see it , she should be disbarred.  

PLEASE connect with someone doing deals, learn than apply what you learn, 

 I'm not understanding the realtor?....... this is why I made this post in hopes that someone COULD help me understand the realtor without me having to ask them directly. This is a multifamily property. 

thank you for your insight 

 It does not make a difference if SF or MF. Keep it simple. As , are you telling me you want me to give you an offer without even going in? If they says yes well something is seriously wrong. Again please connect with someone doing deals, 

All the ebst  

Thanks Bob! I appreciate your reply and advice and I apologize for any inconvenience. I thought this website was for both veteran investors and beginning investors alike to post questions and/or interests. 

It is sir, please do not misunderstand me. You will only gather so much information online. Best to connect with someone and learn hands on, just like I did about 10 years ago. 
All the best to you 

I apologize sir for misunderstanding. I admire your ability to learn hands on and work hard to get to where you are now. 

Quote from @Bruce Woodruff:

If they really will not let you walk/inspect the property without an executed contract, then you have 2 options.....1) run, 2) offer really low and see what they say.

I'd just pass, I don't like playing games like this.

Yeah my initial question for the realtor was why the property has been listed for so long (about a year) and his reply was "all of the offers we've been getting have been below what it's worth". I then asked him if I could see the property and he replied with that 🤣. Guess that explains why he's been getting low offers🤷‍♂️

Quote from @Bob Stevens:

Quote from @Robby Sanchez:

Quote from @Bob Stevens:

Quote from @Robby Sanchez:

I have a deal I'm interested in and would like to know more about it but the broker specifically says "there can be no showings until a contract is executed" what exactly does that mean? I understand I have to submit an offer before I can see the property but How am I supposed to come up with an accurate purchase price if I don't even know what the insides of the units/amenities look like? Do I just submit an offer based on the information/pictures provided and then retrade if there's things that come up during the due diligence period after I have already submitted the offer? 

thanks everyone! 

 You are 100% not understanding the realtor, NOBODY is going to ask you to put in an offer until you see it. If the realtor is really saying hey sign the contract before you see it , she should be disbarred.  

PLEASE connect with someone doing deals, learn than apply what you learn, 

 I'm not understanding the realtor?....... this is why I made this post in hopes that someone COULD help me understand the realtor without me having to ask them directly. This is a multifamily property. 

thank you for your insight 

 It does not make a difference if SF or MF. Keep it simple. As , are you telling me you want me to give you an offer without even going in? If they says yes well something is seriously wrong. Again please connect with someone doing deals, 

All the ebst  

Thanks Bob! I appreciate your reply and advice and I apologize for any inconvenience. I thought this website was for both veteran investors and beginning investors alike to post questions and/or interests. 

Quote from @Doug Smith:

I've seen this before and it's total BS and for lack of a better term...stupid. I've seen it where there are tenants in place that the seller doesn't want to know about that they are planning on selling the property. Of course, you'll definitely want an inspection contingency and I wouldn't put an EMD in prior to seeing the property. Good luck.

 Thank you for your reply sir! I completely agree and that's why I'm wondering how I should proceed. Guess I should just pass up this one considering something schiesty is going on.

Quote from @Bob Stevens:

Quote from @Robby Sanchez:

I have a deal I'm interested in and would like to know more about it but the broker specifically says "there can be no showings until a contract is executed" what exactly does that mean? I understand I have to submit an offer before I can see the property but How am I supposed to come up with an accurate purchase price if I don't even know what the insides of the units/amenities look like? Do I just submit an offer based on the information/pictures provided and then retrade if there's things that come up during the due diligence period after I have already submitted the offer? 

thanks everyone! 

 You are 100% not understanding the realtor, NOBODY is going to ask you to put in an offer until you see it. If the realtor is really saying hey sign the contract before you see it , she should be disbarred.  

PLEASE connect with someone doing deals, learn than apply what you learn, 

 I'm not understanding the realtor?....... this is why I made this post in hopes that someone COULD help me understand the realtor without me having to ask them directly. This is a multifamily property. 

thank you for your insight 

I have a deal I'm interested in and would like to know more about it but the broker specifically says "there can be no showings until a contract is executed" what exactly does that mean? I understand I have to submit an offer before I can see the property but How am I supposed to come up with an accurate purchase price if I don't even know what the insides of the units/amenities look like? Do I just submit an offer based on the information/pictures provided and then retrade if there's things that come up during the due diligence period after I have already submitted the offer? 

thanks everyone! 

I never understood how taking people out to lunch gets you anywhere. It just seems like you're trying to buy their attention. I've heard that it works though. Seems that raising the capital is the hardest part. My plan is to start small and gain some credibility until I can present opportunities to investors without feeling like a relationship counselor who's never been in a relationship lol

Yeah that's what I'm thinking. There's currently a bunch of multifamilies under construction in the area and austin tx has historically been a great place for growth. But if other new multifamilies pop up near it won't that drive the rents down if they're similar in Unit mix etc.?

Thank you! I'm looking for multi families in San antonio! If you have any listings feel free to send them my way. If I win you win too!

Thank you for the reply! I have 1 single family that I'm renting right now with the va loan and in the process of buying a second. I didn't learn about the house hacking idea until it was too late and I don't really Wana refinance right now because of the interest rates. But I wish I wouldve thought of it before!