Starting to reach out to agents but this time I dont have funding
Alright I have 1 deal done and fully rented. (duplex in Racine) I got pre approved and then found my deal.
Just wanna make sure I am not being disrespectful towards agent's time and efforts.
Now after reading the ABC's of Real Estate Investing I would love to really dive into analyzing buildings with 4-30 units to practice and maybe find a solid deal. I found myself sending emails to agents asking questions on some potential properties but quickly realized that even if I find something I have zero funding. So I felt bad because I don't want to waste their time. But they might have the info needed to put a presentation together for investors in my area. You never know, if someone asks and it makes sense then something special could happen. Especially if its a great deal..
Anyway....
From what I keep reading they state that agents, brokers, property managers, etc are major resources for finding data that I could use/crunch to determine property value more accurately. I am not certain of what the average CapRates are for certain submarkets in my target area so that would be a question that I hope they could help me with...
So is this OK for me to do with agents/brokers or should I leave them alone until I find some partners?
Otherwise I could just call owners and figure out if they're interested in selling and then ask for their numbers to crunch and follow up with an offer...
Thanks everyone!