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Updated over 3 years ago on . Most recent reply

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306
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Amir B.
  • Rental Property Investor
  • Elk Grove, CA
76
Votes |
306
Posts

Buying a Quadplex without a real estate brokerage? Pros vs Cons

Amir B.
  • Rental Property Investor
  • Elk Grove, CA
Posted

Hello,

I found a quadplex fully rented for $2,400 monthly. The ask is $175,000. The seller is selling himself. I rather not pay the 3% commission either. 

I have never done this before. Any advice for or against doing this transaction?


Thank you,
Amir

Most Popular Reply

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9,937
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10,792
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Chris Mason
  • Lender
  • California
10,792
Votes |
9,937
Posts
Chris Mason
  • Lender
  • California
ModeratorReplied
Quote from @Amir B.:

Hello,

I found a quadplex fully rented for $2,400 monthly. The ask is $175,000. The seller is selling himself. I rather not pay the 3% commission either. 

I have never done this before. Any advice for or against doing this transaction?


Thank you,
Amir


 Hi Amir,

Find a real estate lawyer if you don't want hand holding, and find a realtor if you want hand holding. 

You will be able to save a few bucks by not having someone else choose escrow for you. 

  • Chris Mason
  • Loading replies...