All Forum Posts by: Thomas Burke

Christopher, 

Yes, exactly. Real estate investors don't want to deal with agents. You said it. So if I have a great Proforma to share with potential investors, is hiring an RE agent for $6,000 to add it to the MLS really that valuable?

Pro Forma here.

https://drive.google.com/file/d/1k1gVsjRPaDbjUtq8-7Np59a3DOeubLbj/view?usp=sharing

Hi there.  I am a long time podcast listener and lurker, but I have a serious question now as I am helping a friend with decided what to do with a house he has in Oak Park Michigan.  He currently rents the house ts below market as he utilizes it for storage.  He lives in another city, and with a baby on the way has decided he wants to divest of the property.  I have met the neighbors, and know they pay $1,000+ a month for rent, and he thinks the property's fair value is around $90,000.  Listening to so many Bigger Pockets podcasts made me jump on this as a potential rental investment opportunity.  

Given the metrics are very positive for rental investors, would using a realestate agent be a negative? I get a feeling that investors want to skip the agent's fees. Would using a flat fee service to get it on the MLS be discouraging? Right now, Zillow is showing a bunch of incorrect info he wanted to clean up, and I thought and MLS Listing might help clear that up.

Apologies if these questions are too basic.

Tom

Hi Daniel,

Curious.  Are you properties in the city?  What class of properties do you have/ types of tenants?  Do you any thoughts on the best ways to find tenants for your class of properties?  Its been a big conversation topic between friends of mine.

I lived in Pittsburgh for two years and thought it was a great city.  My best friend currently lives there and bought a property in the North Side with his girlfriend that they are currently renovating themselves.  We have talked about jointly investing in rentals in the area, but wanted to review deals to better understand the market.  Would anyone mind sharing their deals in Pittsburgh or pointing me to somewhere they may already be posted?

Thanks

Tom