Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Marc Johnson
  • Real Estate Investor
  • Tampa, FL
0
Votes |
5
Posts

Elusive 1st Deal 1000 Miles Away!?!?!

Marc Johnson
  • Real Estate Investor
  • Tampa, FL
Posted

Hi guys,

So... I'm pretty new to RE Investing and finally found "the perfect deal..." only thing is, its in Indiana and I live in FL. I always thought my first deal would be something in my own backyard but that's out the window...

I have been searching the forums for answers but I think this situation is a little different that what I've found. My deal is as follows...

There's a woman I met at my day job that wants to sell her home to start her granddaughters college fund. The home is in Indiana. The price is very tempting, from what she says there are not many repairs the home needs and she's VERY motivated to sell. 

I immediately thought to assign the home but in order for the numbers to work out I'd need her to drop the price. So here are my options (hopefully you guys can help out)

1. Assign the home - seller knows my commish - possible broken deal

2. Double close - double costs - less commish but successful deal

3. Refer IT - ask for referral fee - possibly not paid.

Please HELP.... I like the idea of referring it since I won't have anything to do with the paperwork (the scary part for my first deal).

Loading replies...