Recommendations for having a real estate agent for investing...

Buying & Selling Real Estate
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Recommendations for having a real estate agent for investing...

Miles Stanley
Realtor · Schertz, TX · Member since 2015 · 226 posts · 53 votes

Hello!

I'm new to real estate investing and am really excited about the prospects of it!  my question(s) are about the general actual transaction of the deal...say for finding a motivated seller, making an offer and buying the property.

1) would you guys recommend i have an agent on board to do these types of deals?  i have read that one of the biggest errors a new investor can make is to not have a team (agent, broker?, etc).

2) if not, how do i physically go about the transaction? (contract, escrow, title, closing, etc?)

Thanks!

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  • Joel OwensBusiness Member
    Moderator
    Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
    11y

    Miles your post is way too vague.

    Are you buying residential, commercial??

    Are you buying a 1,000,000 property with 25% down or looking at a 100,000 property??

    Are you buying to hold as a rental or are you trying to assign or wholesale?? Do a rehab flip and resale?? 

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  • Miles Stanley
    OP
    Realtor · Schertz, TX · Member since 2015 · 226 posts · 53 votes
    11y

    I’m interested in residential flips and rentals for now. Not too knowledgeable about wholesaling yet.

    Is the price of the deal relevant? I understand that the agent will get a percentage of the sale, so obviously it’s a factor. But for the sake of actually conducting the transactions, does an agent make this process easier or is it a simple enough process to do on my own.

    As I sit here and think about it, I don’t even know how to initiate the buy, present the contract forms, and close. Any advice would be greatly appreciated!!

    Thanks,

    0Reply
  • Ryan Fagan
    Real Estate Broker · Westampton, NJ · Member since 2014 · 57 posts · 31 votes
    11y

    You should absolutely use an agent if you are buying on the MLS.

    0Reply
  • Miles Stanley
    OP
    Realtor · Schertz, TX · Member since 2015 · 226 posts · 53 votes
    11y

    Not buying on MLS, I'm talking about approaching a motivated seller and "solving all their problems". Would an agent come into play here?

    0Reply
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