Re: Owning RE (What Qualifications Do I Need?)
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I am an RE agent.
Use a buyer's agent that works only on your behalf, never use the seller's agent as the pitfalls are too great.
Ask for proof of permit, and everything they have that has to do with taxes.
Get a good inspector. Do not get someone who works for themselves. LandAmerica/InspecTech has the best IMO, if available in your area.
If you decide to take on partners, make sure they are compatible with you in a business sense. Also, make sure you have a plan for when one of you wants to bail on the project. A real estate attorney can do wonders here.
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What are the common things that a seller's agent would do which are pitfalls?
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