New REALTOR - need help setting up service partner contacts
As stated, I'm a newly licensed REALTOR in San Antonio. My primary motivation for getting my license was for my own investing purposes (sourcing leads, comps, showings, etc). If i work with clients at all, it'll be in the future.
So i need to get to a point where i can quickly make my own offers. For this, it seems i need to get a title company and a lender lined up. I've worked with lenders before, but I'm a little stumped on how to select a title company. What questions do i need to be asking them? is this a formal process or do i just tell them "hey i want to use your company, what info do i put on the contract?"
Thanks
Most Popular Reply
@Miles Stanley One thing to be careful about with smaller towns is the economic drivers and employers and how that affects the need for rental properties. For example, a lot of the smaller towns down near the Eagle Ford Shale have a much higher demand for rentals when the oil business is doing well, but then those people go away when the oil industry slows down. Stockdale is a bit too far from San Antonio to get the people who want to rent but who don't want to live in a big city. There will always be some amount of rentals needed for local people, teachers and such, but, in general, I think your renter pool is smaller. Right now, I haven't seen much that even meets the 1% criteria; housing prices have gone up, but rent is still $700-900 range.