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13 November 2020 | 11 replies
Hey guys I just put an offer on a 18 unit building cluster, the owner inherited the property from his parents, and wants to sell the property off he is using an agent to represent him and they have actually agreed to the idea of seller financing.
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14 November 2020 | 12 replies
Someone (the the proposed PR) has to petition the court for court confirmation to represent the decedents estate..
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12 November 2020 | 2 replies
If you haven't yet represented investors on the buy side I would recommend seeking them out so you can practice underwriting deals and understanding ROI expectations in your local market.
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13 November 2020 | 7 replies
I am a broker, and I represented us as the buyers agent.
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12 November 2020 | 0 replies
I am a broker, and I represented us as the buyers agent.
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16 November 2020 | 5 replies
There are also many CPAs on the forums who represent clients nationally by working remotely.
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16 November 2020 | 18 replies
.* Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)* Don't allow for your own independent property inspection* Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)* Require you to pay for any renovation upfront* Sell only in cheap. low end neighborhoods* Don't accurately represent the neighborhood/property classification* Don't have consistent rehab standards for all properties* Don't provide a scope of work for the property* Can't provide references of repeat investors* Require you to close before a tenant is in place
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14 November 2020 | 11 replies
Your final option is to have your attorney represent you, which may cost more than an agent.
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14 November 2020 | 19 replies
As an agent you have a fiduciary responsibility to try and get the best price for your client so it needs to be abundantly, in no uncertain terms, clear that you are not offering to represent them, that you are attempting to buy the property as an investment and make a profit on that.
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26 February 2021 | 7 replies
I understand that typically title companies like to see in the estate probated and a legal representative appointed before a property can be conveyed from the estate to another party.