Rental Property Investor · Tappan, NY · Member since 2018 · 7 posts · 1 vote
I'm interested in purchasing a multi family property referred to me. Can you tell me why you would NOT buy directly from the seller, instead of using a real estate agent?
Investor · Indianapolis, IN · Member since 2017 · 62 posts · 38 votes
7y
@Leslie Laboriel there really isn’t any downside to buying a multi family property directly from a seller without the help of a broker. In fact we would prefer to find deals such as that. The only downside might be that a broker could help you identify components with the deal that you might not recognize, just because of their vast experience in transactions. But if you have a good team of property management, attorney, lender they can also add tremendous value in putting a good deal together. With that said we do see value in using brokers especially in the realm of finding deals. Happy investing