All Forum Posts by: Rudy Ratner

Are there agents/services out there that know of properties before it comes on MLS?

That’s is brilliant. I was thinking of doing something like that. But can I simply knock on the door and ask them how much they bought it for?

Oh not at all. The houses show up well within my budget. But I’m sure you know the current market, they seem to get bid well over my budget. 50/60k over. 
I’m just trying to get ahead of the game to know what I should even bother offering for. As you know, putting together an offer is quite a bit of work for the realtor. 
It’s not like an auction where I can just raise a paddle :). 

Whenever I ask my realtor to look into a property, sometimes he does not seem to bother replying because people have already made offers way above my budget. 

Is there a site (paid or otherwise) where I can get what offers have been made on a property? That way I dont need to keep bugging my realtor on those properties as I would have an idea of my competition. Is such a service available for non-agents?

Hi,

Does being a biggerpockets pro member avail the use of ListSource for free?

Thank You @Nathan Gesner That really helps!

@Olivia Radziszewski Thank you for replying! 

Im looking for a 2-3 unit multifamily. Also some lenders say the rate is different if I were to place the property under and LLC (which I would be doing) as opposed to in my name. Should I first create an LLC before even looking at properties?

Are there any guidelines I can be pointed to in this site?

Thank You!

Hi Everyone!

Im a newbie BiggerPocketeer. I have recently decided to enter the rental property business. 

I would love some insight as to the typical order of steps an aspiring landlord should take to buy their first rental property. 

I wanted to find out which rates, I would qualify for so I can do the numbers and narrow down the kinds of properties I look for. But the lenders are hesitant to give me even estimates. They want me to decide on a property first saying they can then try to get the best rates. 

However the property owners/brokers want to know that im truly interested in purchasing and asking to put up earnest money etc.. 

Are there some steps new landlords can follow like

1. Get pre-approval

2. Look at properties

3. Get rates

3. Get inspection /appraisal

etc...?

Any guidance would be greatly appreciated!