Quote:
Originally Posted by DrinkingHARDEST
Fire your agent, he has no idea what he/she is talking about.
I own a bunch of apartment buildings and the most I have ever put down is 15%
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Completely agree.
Then again, not sure what market you guys are talking about. I'm stick with the distressed property market. And i'll tell you that 99.9999999999999% of the real estate agents have no clue about anything when it comes to distressed property / foreclosure markets. It's a joke when YOU have to teach THEM about what you're doing.
The short sale we're working on now is no money down directly with the owners bank. Same was the past forclosure properties.
I won't touch a deal if there's an agent involved..they fuck everything up. You hire agents AFTER the deal is done with the owners to push paper and close the deal..but never involve them in the process....that's what the lawyer is for. Just my opinion though.