All Forum Posts by: William Zhang

I just started to invest on real estate. I recently found a REO property for bid, which says "REO Occupied - the seller does not represent or guarantee occupancy status. NO VIEWINGS of this property. Please DO NOT DISTURB the occupant. "As is" cash only sale with no contingencies or inspections. Buyer will be responsible for obtaining possession of the property upon closing."

How much risk do I have? Is it usually hard to obtain possession of this kind of property after closing? How long does it take? If it takes too long, that means I will lose money by not able to rent it out, right?

Also, since I cannot inspect the property, how much rish is there? Should I walk away from this property even though the listed price is a little bit less than 1/2 of the value assessed by county clerks last year.

Thank you very much in advance for your valuable advice on this important investment! If there is too much risk involved for this purchase, I may have to choose another "safer" investment with probably less return.

I worked with a real estate agent to find some investment properties. The agent just set up an automatic email to update me the houses on the MLS list. I asked the agent to give me some suggestions or a short list of good houses to consider for investing, but I get no response for several weeks. I was wondering if it is unnormal to expect the agent to offer me this advice. Can I switch to another agent who might be able to offer this advice?

I heard some people have their own companies (LLC) for their rental properties. Is it necesary to do so? Is there any tax or other benefits by having a company? I just began to learn real estate investment and becoming a landlord. I appreciate your advice!