Building a team

Foreclosures, Short Sales, Tax Foreclosures
1

I’m trying to establish a good team of players (agents, attorneys, etc.) and I’m meeting with an agent tomorrow and I will be meeting with some attorneys soon (or at least talking to them on the phone).

My investment niche is going to be working out short sales and flipping the deals to investors or retail buyers to start out. I will also be working with homeowners on other options as well. Whatever foreclosure situation is best for the homeowner of course.

So I have two questions:

  1. What sorts of questions should I be asking the real estate agents?

  2. What sorts of questions should I be asking the real estate attorneys?

Thanks!

2

I’m talking about questions to ask them the first time I meet them btw.

3

[b]FOR REALTORS, I would ask two very important questions…

  • How many shortsales have you worked on in the last 12 months with your clients?
  • Are you comfortable with working with investors and do you have any experience?
4

How exactly is a real estate agent going to help me work on my short sale? I was planning on working with the lender directly.

5

More and more short sales are being listed by realtors. Some of them know what they are doing…some have no idea on how a short sale works. Do what Queen has mentioned.

Nate-WI

6

Don’t miss out on chunks of the market. You work short sales by yourself, but why pass on the shrt sales that an agent has listed?

Do both.

Also, in this market, keep you eye peeled for properties that are not in distress, but where the owner has owned long enough to have a lot of equity and must sell. I really like these because often the home is in great shape. The home sits on the market for a long time because there are no buyers with financing, and the longer it sits, the lower the price gets and the lower the offer is that they will accept.