Rental Property Investor · Joplin, MO · Member since 2020 · 23 posts · 3 votes
I hope i am posting in the correct area. There are several properties that could fit what I am looking for. The issue that I am running into is reaching out to Realtors in my area are unresponsive. I have called and emailed daily for the last 2 weeks, to several reality firms and none have returned my calls or emails. I know my goal is to become an agent in the near future, but in the mean time what should I do? I want to see the inside with a contractor to see the cost to repair the property.
@Shane Womboldt I’ve found that the younger realtors / newer realtors are the most helpful. They obviously don’t have the same experience level as realtors who have built a large base of clients. But I’ve always appreciated how the newer realtors have more time for me that more established realtors don’t seem to have.
@Joe Villeneuve I call the agent one the sign and/or the company on the sign
If you mean the "4Sale" sign, you're going to be spinning your wheels a lot.
Go to Zillow, and look for 4Sales, look at the history. What you're looking for are listings that include rents under the list price. This property most likely is owned by a REI, and that means that the REA is willing to work with REI. You don't have to have any interest in that property. Just contact the agent.
I would even go as far as to say that you're a real estate investor in the local area and would like to build a relationship with a realtor or brokerage to help find my deals.
@Shane Womboldt I’ve found that the younger realtors / newer realtors are the most helpful. They obviously don’t have the same experience level as realtors who have built a large base of clients. But I’ve always appreciated how the newer realtors have more time for me that more established realtors don’t seem to have.
Rental Property Investor · West Caldwell, NJ · Member since 2019 · 104 posts · 65 votes
6y
@Shane Womboldt I am having the same issue however, I went out with an agent this summer and passed on a deal. She tried to sell me on a 55+ rental property. I thought it may sound like a good idea, then realize I was excluded many renters. I told her the truth. I told her the area/price range where I was Interested in and if she found something call me. She called me last week as a backup, other buyer couldn’t get a mortgage. I’m currently under contract because I send her my pof. And took the day out to show her I was real. They can probably list and get more for the house, but because she is getting double commission on both ends, she will sell it me because I can close and she can make the full 5% commission. I learned to build a relationship with a few realtors, show them your serious with pof. And actually set up appointments to view properties
Investor · Johns Creek, GA · Member since 2017 · 463 posts · 488 votes
6y
Try to get referrals. Those are the best. If they don't get back to you. What does that mean? That means you are not on their priority list. They are not motivated to work with you. Never work with anyone who's not motivated because it never turns out good. Too many examples - Unmotivated seller leads to bad deals. You don't have what they want (either you really don't have it or you never showed it to them). Find someone who's motivated to work with you and stop wasting your time on those who don't respond.
Realtor · Dallas - Fort Worth Metroplex, TX · Member since 2016 · 1k+ posts · 925 votes
6y
@Shane Womboldt. Have you considered signing with a buyers agent ? The seller pays their commission and they work on your behalf. They reach out to these agents on your behalf. They schedule viewings for you. And ultimately assist you in the process.
Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
6y
@Shane Womboldt Agents want to sell houses, that's how they get paid. For some reason they think they're wasting their time showing you property and that's what needs to be addressed.
You didn't mention price range. Are you paying cash? Are you getting a loan? If so, have you been pre approved and have a letter showing you can get the loan? What type of loan? It may be property won't meet guidelines, so ask.
Let them know your schedule and ask when they can show you properties.
It may be they don't want you bringing a contractor as it requires more time. Here in CA once an offer is accepted Buyer has 17 day inspection period where buyers at their expense can have all inspections done, then request repairs from the seller (which they're not required to do), and then make a decision on whether to move forward.