That is more true fro anything larger than a two bedroom, one floor, condo.
DAVID COOPER. Foreclosure and Bank REO Buyer's Agent at Verticle Realty-Las Vegas. 35 years experience. FReee List +1-7024997037...firstname.lastname@example.org
There are too many good rentals done privately for me to agree that you should overlook them. But you do have to watch yourself and do your due diligence.
I had a past client call me before giving the owner the money and it took me a few minutes to check it out. It was scheduled for foreclosure in 45 days and he was signing a one year lease. We caught it just in time. Still...you want to find the best place for you without restriction, and too many great properties are direct from owner on Craig's list.
HOW you convey the money is not as important as doing your due diligence investigating the owner and keeping good records, receipts, and photos of condition at the time your rent it. Take close up photos of ANY defects BEFORE you move in, with a witness - and date stamp on the photos. Not a bad idea to google the owner's name and get as much info as possible. The more you know about the owner, the better you will feel about moving forward.
David Cooper! Las Vegas Foreclosure Investor in Bank Owned REOs. Save 20% with Freee List
email: email@example.com or +1-7024997037