All Forum Posts by: Rod Hanks

If they are listed with a real estate agent you must contact the agent. If they don't have one you can contact owner directly. 

Wow! 

Tax site values are not accurate comps. Use Zillow zestimate and take that with a grain of salt. Only true comps are from a realtor MLS

@Jay Maranan

Never do carpet in a rental, you would have to replace it every couple years when tenant leaves. I only do vinyl tile because it’s cheap, easy to maintain and very durable. But in your case I would just leave the hardwood floors as-is

@Tony M Batiste

Not my business yet but can’t find any hand sanitizer anywhere.

@Samuel Connor payne

Find another lender. Plenty of portfolio lenders use rental income against your DTI and you can buy as many as you want.

@Rochelle Duong

Congratulations on getting started! Dallas is a great place to invest.

If the turnkey said they were going to do the repairs and failed to do it, not once but twice, I would cancel the deal.

50 properties 10 offers 2 contracts? Wow you are going to burn that agent out really quick. I would suggest instead of looking at all of those properties, analyze them first and only go see the ones that fit your criteria to verify repairs and comps. What a lot of investors do is shoot out tons of low ball offers and only go and look at the ones that counter back at a reasonable price. Good Luck and don't give up!

Read the contract. If you don't have a listing agreement with the broker you don't owe him anything. But if you signed the contract saying you are paying his commission yes you owe it. Usually if a broker contacts you with a buyer they will have a buyers rep agreement and the buyer will pay the commission. Don't get pressured into paying if you don't have to.