Realtor/investor question

[Cheyenne Davis]

For those of you who are buying properties off the MLS, how much does your realtor do for you? To date, our realtor has simply set us up with property alerts that fit our by criteria and then submitted a small amount of offers for us. We've bought and then resold about 15 properties so far in 2015. Granted, 15 purchases isn't a huge number, but it's enough that our agent has at least made some decent money. My question is, is it realistic to expect an agent to do more than just write a few offers here and there for you, if you are a serious and I'm going by her? It would make our lives much easier if we had an agent to pull comps and prescreened deals for us. However, in the past I've had a hard time finding one willing to do much extra work. For those of you who are successfully buying and reselling houses on a regular basis, can you share with me what all tasks your agent performs for you? Do you think I'm better off continuing to do it all myself or should I be expecting more?

[Charlie MacPherson]

Speaking as a full time real estate agent (who just returned from a site visit with two investors), I work VERY hard for my flippers.

I'll run deep comps, know the neighborhoods and apply expertise to helping them know which properties to consider and more importantly, which to avoid.

Example - the house we just looked at is on the market as an REO at $209K. The 1st-pass comps come back at $632K.

I know the area well. This home is larger by a factor of 2.5 than anything else in the area. This was just one of the factors that distorted the ARV.

The TRUE ARV is about $400K, no matter what the numbers say.

In addition to all that, I connect my investors with various lending sources, network extensively and overall work hard for them.

My goal is not to be a "one and done".  It's to build a relationship that lasts until I retire.