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BB and others
I've read through this thread over the last couple of days with great interest. Lots of great info and insight for someone who is considering going down this path.
British Buyer wrote:The only way to go forward, as far as I can see, is to figure out how to track down every large REO listing agent in Miami. Since they're going to be your buyer's agent, they'll illegally yet happily share inside info with you, and the only reason you'll be outbid is if you're not willing to better the offer made by some outside bidder.I really like this approach but you mentioned earlier that your realtor offered to find and sign up tenants for any property you purchased so I was wondering where this left you if you were able to purchase directly through a REO listing agent? It seems that they have a more specific and limited business as opposed to a 'regular' realtor (buyer's agent) and are not in the game of finding tenants. If I'm not there on the ground to do it myself do I just contact another regular realtor to do that job for a fee?
Thanks for all the info to date and I look forward to more.
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