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Updated about 9 years ago on . Most recent reply

Account Closed
  • Oceanside, CA
5
Votes |
26
Posts

Questions for investor friendly RE agents

Account Closed
  • Oceanside, CA
Posted

-What are some of the services you offer wholesalers/investors?

-Which investor friendly closing agent do you suggest I use?

-Are you willing to show me how you comp properties and research tax records? 

Most Popular Reply

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Jerome Harrod II
  • Professional
  • Baltimore, MD
47
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Jerome Harrod II
  • Professional
  • Baltimore, MD
Replied

Hey there, These answers are going to sound repetitive, but please believe me that everything is pretty much local when you are just starting out investing. 

If you desire to be handheld, then it really is beneficial to join a real estate association and pay to join their mentoring program OR even better, find an Investing Agent that does Wholesaling and ask them to guide you through Wholesaling in return you'll use them in representing you so they get paid. 
If I may suggest you a better investing alternative, as wholesaling is not all that beginner friendly as it's sold out to be. I suggest you read this BP article for ideas:
https://www.biggerpockets.com/renewsblog/2016/01/1...

Now To answer your questions:

1. Every Agent works differently, For me, I treat Wholesalers and Traditional Investors as different categories of buyers in terms of services.

For Wholesalers, I find it a little complicated to offer services for and it's depending on what the Broker allows an agent to do. Why? Wholesaling is considered a gray area judged on intent, long story short Some brokers & lawyers are for it with the proper disclosures and while other brokers are against it no matter what.

In any case, I'd suggest you join a local investment group of some type and ask around for agent recommendations or hopefully there's a PA agent here on BP that'll answer this for you.   

2. The most reliable way to learn that info is by asking local Investors by going to a Real Estate Investing Association, Free Group Meetup, or Joining FaceBook groups catered to your area, asking for closing company recommendations. 

3. If you want to learn how to comp a property there's a whole lot of resources available here on BP and even on Youtube.
I suggest you read past "Step 4" in the article for this guy's comp strategy:
https://www.biggerpockets.com/renewsblog/2014/04/2...

With that said, It's an art not a science really as almost everyone has a different style of comp'ing properties and if you ask an agent to show you how they do it, it'll only be so helpful as your resources for getting data will be different. 

In the long run, It's worth reading everything you can here on Bigger Pockets, Here are a couple I suggest a lot my newer clients to start out with:

https://www.biggerpockets.com/real-estate-investin...

https://www.biggerpockets.com/renewsblog/category/...

https://www.biggerpockets.com/forums/12-starting-o...
https://www.biggerpockets.com/renewsblog/category/...

Hope that helps.

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