All Forum Posts by: Pouyan Broukhim

is the seller is being represented by an agent then you should have your own agent write up the offer so you are represented.  If the seller's agent is taking dual commission just know that you are not well represented. 

If you are direct to the seller then you can have escrow draw up escrow instructions and those instructions will govern the purchase transaction.  But the smart thing is to have an agent represent you, they will have your best interest at heart

Good luck

this is a small claims issue at most.  Also, if they are suing you after you sold it, then most likely they don't have a claim.   

as a small investor with limited funds you should consider our of area transaction until you are more established.  Also, for small investors with limited capital you should be vary concerned with taking on too much debt as you can drown in it.  Don't rush to a take any deals and make sure you rehab or construction costs are as low as possible. Good luck

Get an attorney..that will be the wisest thing you can do.  Someone else said it as well, don't do it yourself and make sure your get a professional to set things up to.

Thank you,

the biggest challenge I see if managing a property that you aren't local to.  If you are confident that you can do the repairs, then the numbers work out for you.  However, double check your repair costs so you don't run out of money.   

Great thing is that you potential income will cover your debt and give you additional income which is what you should be going for here

Good luck