Found 4plex through realtor

[La'Crystal Hicks]

Good morning everyone I was asked by a buyer if I could find a 4plex and he listed all his criteria. I met with a realtor yesterday who has 4plex available and it met the buyer criteria. Now what should I do? Should I tell the realtor I’m interested and tell the buyer I’ve found a 4plex as requested ?

[Patricia Steiner]

No apologies...and guess what?  In this business, learning never ends.  We're all in this together.  On your 4-plex, ask the realtor about the contract.  That wouldn't fly here but there is a section in our contract where an option to assign is available.  Many sellers refuse those contracts out of fear of a whole lot of stuff so it is important that your realtor be able to explain that you are a serious buyer with a serious buyer and everyone is serious about closing.  

LLC. "An LLC for real estate is an established legal entity that allows investors to purchase and own real estate in such a way that protects them from personal liability. This means that the investor buys and sells real estate, as well as conducts other business, in the name of the LLC, rather than as an individual."   It's easy/inexpensive to set-up but state specific so google "how to form an LLC in Texas" for details.  

Best of everything on what will surely be the first of many great deals for you.