Learning investing by being a Realtor for investors...wise or foolish?
Hi all,
Several of the guest speakers in the podcasts have touched on whether or not it may be a smart idea as Realtor to work for investors.
(1) Seems like it would be a good idea to learn about investor psychology. Why do they like this property and not that one. Or, why this neighborhood. Or, why multi-family over single. Agent's don't really look for properties for newlyweds with this kind of strategic thinking. They seem to be more focused on picket fences and reassuring their principals that "yes, the color of the kitchen can in fact be changed with a can of paint rather easily".
(2) You'll build a reputation among local investors and hopefully that will bring you more business and experience. You can learn from investors' mistakes and maybe they'll teach you some of their tricks.
(3) It allows you to be in the game without having your skin in the game just yet.
Now the big, nasty, common downside I keep hearing about on the podcasts, is that investors may shop around and use you for your MLS access, but when it comes to committing, they'll go to their close-knit group of agents that they seem to practically have on retainer.
If you can become one of those 'go-to' agents for investors, would you recommend it and would the benefits be worth it considering the end goal is you transition into being an investor?
Thanks!