I've been investing for some time and really don't see how it's "unethical" to offer properties to your network of known buyers first. It's practical. If I know someone is on the market for a 3 bed/2 bath home and I just so happen to be selling one, of course I'm going to reach out to that person before going through the effort of listing the property on the MLS.
If you're looking for these offers, then start networking. Get your name out there as a cash buyer. If agents and brokers know you're on the market for a certain type of property and have cash in hand, they will make sure they reach out to you with deals that they come across. They'd be horrible salespeople if they don't.
I've always found that the people calling pocket listings unethical are the ones that simply want to get in on the action. A bit hypocritical? Instead of parading around calling things unethical and unjust, make an effort to learn about who in your area seems to be dealing these deals that you want, and work to get in on them. It's all about networking and proving yourself as a valid buyer.... more
This is where the Realtor/Agent states, " I don't know. This is a question for an attorney. May I suggest a few attorneys for you to interview?" We all know enough information to get us AND the consumer in a world of hurt! The other question is, "What will my tax liability be?" May I suggest the names of a few CPA's you can speak to regarding your question?... more
Usually if it's not listed there is a good reason for it. When a bank wants to sell they will want it listed to expose it to all. Be careful buying REO/Foreclosures, they come with no disclosures. It is strictly buyer investigate and buyer beware.
Find a realtor that has practical construction experience and not just layers of disclosures and cya.
I've had 20+ years General Contracting and as custom Foundation Installation Contractor. Also Have experience in development and country properties.