All Forum Posts by: Ryan Brown

Thanks @Wayne Brooks.  That was my basic understanding going in. 

Hey @Russell Brazil.  I don't think she is lying.  She works mostly with owner-occupants so my assumption was that she's unfamiliar or maybe she's assuming, as mentioned above, that there are other buyers in the wings who the seller will turn to.  I suspect not, however, as the seller is pressed for cash and countered my initial offer at 8% below listing with 4% below.   

To answer the begged question before it's asked, I worked with her because my girlfriend worked with her for her SFR that she initially bought and occupied herself for a few years. There's a fair shot that going forward, I'll work with a more investor focused agent.

Thanks again for your input Russel. 

Thanks for your reply @Jeff Copeland.  I've read my contract as best I can but it's dense legalese with which I have no prior experience so no familiarity.  I'm sure I'll get better and quicker at digesting contracts with practice.

Thanks again.

I just went into contract on my first SFR and the contract stipulates as is. No sweat. Now comes my inspection. I asked my agent if I can use any issues that come up in the inspection to renegotiate the price. She said no and explained that my only option would be to back out and lose my earnest money.

My understanding was that “as is” means that the seller will not make repairs, BUT it does leave the deal open to renegotiation if anything turns up in the inspection that wasn’t previously disclosed.

Perhaps I’ve misunderstood the renegotiation post inspection idea? Maybe it’s something that’s done but isn’t the planned prescribed way? Maybe it’s bad form or a bit of a dick move among owner occupant but it’s done commonly among investors?

Any help/advice/guidance would be highly appreciated. Thanks BP community!

Will do @Doug Spence. Sending you a DM. Let’s connect this week if you’re available and compare notes. 

Thanks @Tom O'Stasik

Hey BP Community.  Can anyone offer any local Real Estate Attorney referrals for an out of town investor buying Single Family Rentals and Small Multi-Family Rentals.  Thanks in advance.  -Ryan

@Dahlia Khalaf thanks for the tip! 

I’m a new investor looking for some local lenders with competitive rates and good customer service and communication. I want to start building a portfolio of SFRs and/or small multi family. 

Does anyone have good experience with lenders that they’d like to recommend?  Thanks BP team!

Hey Ben and BP. I’m out in San Diego looking into Tulsa. My girlfriend bought a place when she lived there a few years back that she now rents out. We’re looking for small multi family and SFRs to buy and hold. 

I’ve got about half my team built out but I’m looking for one or two more lenders to price out. Least that’s what I think. This is my first purchase and I want to price a few. 

So far I’m working w US Mortgage. Does anyone have any experience with them?  Any recommended lenders?

All the best everyone!