Recommendations for investor-friendly agent in Indianapolis, IN
Hi All
I am interested in purchasing my next multi-family in Indianapolis. I am willing to do a bit of rehab if my agent can recommend a reliable contractor out there as well as a property manager. I have done research in the area but have not purchased anything myself as I primarily invest in Detroit, MI and am looking to expand into other markets. Can anyone recommend an investor-friendly agent (bonus if they can also analyze deals)?
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#3 Classifieds Contributor
- Real Estate Agent
- Metro Detroit
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#3 Classifieds Contributor
- Real Estate Agent
- Metro Detroit
Be careful asking for investor-friendly agents!
+95% of agents only have experience dealing with owner-occupied transactions - which are mostly EMOTIONAL decision based.
An investor wants an agent that sticks to logical numbers like ROI, Cash-on-Cash, etc.
You can differentiate between these different types of agents easily by asking them:
1) If they are RE investors themselves.
--Many will say yes, so ask them for proof! They should be able to send you an address of a rental they own.
2) If they plan on sharing a BP Calculator sheet for each and every property they send you.
--Many will state that's your job, but then what value are they truly offering as an "investor-friendly" agent?
The more questions and request for proof you ask, the better!
- Michael Smythe
