All Forum Posts by: Tenetrice Johnson

Reminder that the event is this Thursday and starts at 5:30!

I was able to secure a room for $50 at Sidecar Social for one hour, after which they will allow us to move to an open area/table. I will pay the $50 if attendees will plan to pitch in and split the cost with me. Please make sure to RSVP so that we have an accurate count. See you there!

What Marcus said is completely on point.  I will also add that there are so many ways to invest in real estate, that it would be most beneficial for you to find an agent who has achieved your investing goals themselves.  For example, if an agent house hacks a duplex and that is the extent of their investment experience, they may not serve you best for a single family flip.

Couple tips: set a keyword alert here on BP for your market and see who is posting locally. And look under Network in the top navigation bar. Every agent will claim they are investor friendly, many are new, but what you really want is an agent who is also an investor and "get's it". And make sure you are also an agent friendly investor.

@Tenetrice Johnson

The seller's agent can not represent you. They have an agreement with the seller and have a fiduciary duty to act in the best interest of the seller. There is something in the listing agreement that allows for a seller's agent to default to "facilitator" status if the buyer is not represented. That likely won't happen in this case.

You should definitely get your own investor friendly agent and not use the seller's agent a resource.

I have honestly not heard that term in dispute under the value section. Every state is different and I don't operate in TX. Again, a good investor knowledgeable agent will be able to assist. 

@Tenetrice Johnson Congrats on that first offer. Many more to come :-)

Are you being represented by an agent? It sounds like this is listed on the MLS?

If it is and there is an agent involved, remember that they represent the seller and have the seller's best interest in mind. They do not owe you a fiduciary duty of any sorts. It might be wise to get in touch with an agent that is an investor themselves and can help you navigate the waters. BP is a great resource for finding investor minded agents. 

Hi Tom!

The Agent said the owner is still taking offers right now. It's only been on the market for 2 days but the agent asked me to follow up tomorrow after I take a look at it. I told her I still want to submit an offer because I saw enough pictures online to determine it will be a complete gut. My issue is I'm not too confident in my numbers. I calculated the ARV to the best of my ability and based my offer off the repairs minus my fee so I hope it's a good deal. I KNOW it will be a great deal for a cash buyer wanting to fix and flip. Forgive me if I gave you too much information.

@Tenetrice Johnson  Great to hear and congrats on getting offer in!  Did the agent respond yet about the offer or will it be a few days?