Backing Out
I had recently got in contact with a real estate advisor and they got me to find a property on their site and it seemed like a good deal. It was 70k fully rehabbed in Memphis. It would've rented for about 850 a month, so not bad with conventional financing. I then found a duplex selling for half of what it's worth, and would rent for $1700 a month! There's some small things wrong with it, including a crazy "nut" of an owner as my agent describes, but she's practically giving it away! I don't want to let this opportunity go, but I feel like like I'm screwing over my advisor. I didn't sign anything but there was a lot of talking. What do you guys think? Am I in the wrong on this?