26 July 2018 | 7 replies
You can have an agent look to see where all the cash buyers are buying but it’s no secret 3/2 are bread butter flips in most areas......but with areas like Germantown and Shelby Park 2/1 are doing really well.
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16 July 2018 | 1 reply
The folks who are bidding are planning on being cash buyers that day.
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16 July 2018 | 7 replies
Commission amount seems right for my area in that most of them want 3% for the seller and 3% for the buyer all coming from the seller side.
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18 August 2018 | 13 replies
1.Ask for a copy of their standard seller side and buyer side closing documents2.Ask if they close any non-traditional type transactions you intend to use.3.Ask for a copy of their standard fees, and if title policy rates are not set by a governing body4.Ask about insurance premium rates.5.I would ask them if they are investor friendly.6.If they double close and if what do they, ask what do they charge for the 2nd close?
17 July 2018 | 4 replies
From a selling standpoint there are 2 big concerns:1. disclose - you know there is an unpermitted room and/or any other problems (you said something about electricial). 2. the buyers loan/lender.
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16 July 2018 | 2 replies
Additionally, there are 3 units in this house and they are all leased until June of 2019 - so we couldn't move in anyway.Speaking with a mortgage broker, we were advised that - if we were to use a FHA loan as first time home buyers - for a duplex it would be 3.5% down.
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17 July 2018 | 38 replies
I am always very clear that I am the seller/landlord/buyer.
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22 August 2018 | 4 replies
Around here a base hit SFR sells for 80K and rents for 1100-1200/month.In this case, I would be the buyer's agent, do the searching and initial look-over of the property, run the deal (likely on my own finances through a commercial lender), and place/manage the tenants after closing.
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17 July 2018 | 7 replies
Hi I am a first time buyer with hopes of becoming a buy and hold investor in the future and I am contemplating making an offer on a Duplex that fits all my needs as a family man but from the numbers I ran it won't cash flow (while I live there).
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17 July 2018 | 2 replies
I got my license about a year ago to help with purchasing my own SFRs but so far had neither sold anything nor worked as a buyer's agent.