All Forum Posts by: Ryan Gabrielson

Hello everyone this is my first post to Bigger Pockets!!! I am hoping to gain some information on how to appropriately compensate my agent when I "source" my own off market deal but invest from out of state so I still technically want/need help completing the transaction. What I mean by this is, if I am able to produce a property that is off market or off the MLS vet the seller come to agreement on price I still want my agent to view the property/schedule inspections/collect keys and give me insight to the neighborhood, comps, general area knowledge. What is a fair compensation considering I'm doing some of the leg work/marketing to find the deal to fill in the gap to closing? I want this to be fair for both parties and lead to continued work in the future.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $150,000
Cash invested: $230,000

Flip home one story addition to brick house 850sqft addition

What made you interested in investing in this type of deal?

The main reason of interest is the opportunity to gain capital in the flip to filter over to my rental purchase budget!

How did you find this deal and how did you negotiate it?

Found it through a wholesaler negotiated with PM to get a fair price

How did you finance this deal?

Hard money lending

How did you add value to the deal?

One story addition to match local comps in the area

What was the outcome?

Still ongoing

Lessons learned? Challenges?

Managing contractors and city officials to obtain permits