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Updated 10 months ago on . Most recent reply

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Logan Privette
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Real estate agent

Logan Privette
Posted

Anyone know investor, friendly agents in the Twin Cities, Minnesota. Me and my partner have talked to a few, but no one that seems to wanna work with us 24/7 they just seemed to answer  texts and phone calls days later and we're trying to find deals and buy deep so we want a very active agent if possible. Any suggestions are welcome!

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James Hamling#3 Real Estate News & Current Events Contributor
  • Real Estate Broker
  • Minneapolis, MN
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James Hamling#3 Real Estate News & Current Events Contributor
  • Real Estate Broker
  • Minneapolis, MN
Replied

@Logan Privette Are you just looking for and talking with Real Estate Agents, hoping they will be a resource for investment properties? 

Or are you actually drilling down to ONLY seek out and connect with "Pro" Investment Real Estate Agents? 

There is an ocean of difference between the two, but way to commonly, and wrongly, people assume any of the first are also the second. 

There is over 22k licensed R.E. Agents in the market. Of that, there is maybe, MAYBE 100 who are actual REAL-DEAL "Pro" Investment Real Estate Agents. 

Probably 2k who will say have some investment properties themself. (No, that does not make them any kind of expert, pro or even good at it). 

Keep in mind more then 70% of agents do/did less then 4 transaction all year last year. And that's the norm actually. Most agents know little, do little, and last little. 

You need to start with deciding who your willing to work with, and by that I am saying what your willing to pay for. Yes, reality works even here, you get what you pay for. 

If you want an experienced FT "shark", be ready that your gonna have a commiserate fee structure to such and it's you who will have to earn there time, not the other way around. 

They will be laser focused, action-centric, and will expect nothing less from you. 

Now if you want "cheap" just accept the fact of the sacrifices to get that. There gonna be newer, novice, not really know much and just be focused on helping you buy something, anything, and it won't necessarily make sense as an investment, that'll be on you to know. 

There going to be more so a functionary, your gonna have to dig up the potentials, hey you can't get mad at a cat for not playing fetch. 

After choosing who your willing to work with, formulate your interview questions to match. And actually interview people for fit, not just for readiness to earn a commission. 

Last note, I have no idea what you mean by a "very active agent", an agent either get's results or doesn't, end of story. 

I made a phone call and hammered out a deal in 15 minutes, does that make me not "very active"? Or connected? Which is more important? I know which is more profitable. 

Running around like a goof-ball to show a bazillion properties or submit offer after low-ball offer is "very active" but also wildly unproductive and does nothing for results. 

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