IS MY AGENT A KEEPER OR NO?
I have been hoping to find a good agent since I started in REI back in last November. I found 2 that did not work out well. A few weeks ago I met this gentleman and found out he dabbles in investing. We started out good, we went to look at several properties and he offered ideas on how much to offer and reasons to offer much less than asking price etc. At this point I felt like this guy was really good to work with.
He has shown me some properties and suggested ARV that I have no way of substantiating the numbers he tells me. One property (HUD) was $27k asking. It's in a mix area, (B surrounded by C). He told me the ARV is $85k. I let him know I need more information so I can be confident about the ARV. He sent me an email saying he would look into it, this was last week Tuesday. What is normal to ask for or to expect is this situation so we could move forward buying some of these properties, or should I just walk?
Most Popular Reply
If you like him and want to do business with him, I would recommend establishing a minimum commission for any sales or purchases. 1,000-1,200 (here in KC) would be my minimum recommendation. I hope this helps, please reach out if I can help in any way