Updated almost 5 years ago on . Most recent reply
Investor friendly RE agents
I am preparing to be a real estate investor, buying my first property before I graduate college. My job now working at a restaurant is not going to cut it so I'm becoming a real estate agent so I have the potential to make more money and therefore save a lot more. I have a good handle on my finances now so I'm not worried about that aspect. I'm also becoming an agent so that I have a "job" when I graduate school and as a way to network.
That being said, I want to be an investor-friendly agent so I stand out from the crowd. I listen to podcasts, and I'm learning everything the basic real estate agent would need to learn.
Question:
What else can I learn about specifically that would be beneficial to possible client's that are real estate investors? What are y'all looking for in an agent?
Most Popular Reply
Good for you for making the jump. Just be ready to hustle, I am sure you have heard that 80% of the deals are done by 20% of the agents. It can be very hard to get started and break into that 20% but with drive and determination it can be done.
To answer your question, I would focus on learning the numbers and identifying a good deal. I think it is tough to be a RE investor friendly agent because investors are going to want to look at a lot of deals, make a lot of offers and might only buy one. You will also have to have the ability to tell your client when they shouldn't buy a deal which can be hard because thats how you get paid. This is how you build trust and credibility with investors and of you can show them you know the difference between a good deal and a bad deal they will bring you business.
Best of luck!
-BA