All Forum Posts by: Pete Amador

Thanks Brandon. Thanks James. Still a bit unsure. I make an offer, agent writes the contract, I get a termite inspection and most importantly get the property appraised. The appraisal returns $5,000 less than the offer can I walk away and retain the earnest money?

Thanks Hua! Sure helps. Thanks again

Thanks Jon H. for your input. My question is where do find a buyers agent? The agent who showed us the duplex is an agent, although he seems to be the sellers agent.
Jon K the rent for each is $625,, $1250 total.
Thanks Bryan, looking forward to learning as much as possible from those with knowledge and experience.
Thanks again, all.

Hello everyone my name is Pete Amador. I currently reside in Austin, Texas. I am a Peace Officer and a military veteran. I recently paid off my new home first finance for 30 years, then 15 and finally paid in 12 1/2 years. I've been anxious for years to delve into the real estate business. Now with my house paid off I feel I'm able to. This is my current situation any wisdom and experience will be greatly appreciated. I have been per-approved through Supreme Lending. I'm interested in buying a duplex and living in one unit while renting the other. I am going VA although feel like I'm getting cold feet. The unit is appraised at $108,490 through the appraisal district, but the asking price is $117,500. It's been on the market for 293 days and appears to have potential. What would be the next step. What should I look for and not miss or forget to do?