Results for ‘Brokerage’ category

More on dumb brokers

Further to my earlier post on dumb brokers: I am working with a couple now who came to me through this blog (hi guys!). They were previously working with another broker who had them in contract on a small building in the Miracle Mile area. The broker they were working with neglected to inform them

Buying REOs (bank-owned properties)

Recently, I’ve written offers on REOs (“real estate owned” – this is short for “owned by a bank because they foreclosed on the last owner”) for three readers of this blog. A lot of people are interested in these kinds of properties, either as potential flips or to fix up and hold as income properties.

Brokerage Etiquette

I’ve got an offer out on a 4 plex for a couple I’m working with. It’s a pretty amazing REO (bank-owned) property in Miracle Mile. Knowing that the list price was a bit low for the area, we offered $115,000 ABOVE list for the property. We also jumped through a series of increasingly annoying hoops

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