Real Estate Investor · Hoboken, NJ · Member since 2008 · 230 posts · 6 votes
So I have been working with a Realtor based out of Hoboken NJ because they had a number of large projects they were selling for investors however I am starting to rethink that relationship.
There was a potential property I wanted to look at that she sent to me last week Thursday, and I have yet to hear anything from her yet and its going on... almost a week later...
I was wondering if anyone in the NYC Metro area would be able to provide me the names of any "Investor Friendly" Realtors they have worked with, or are currently working with.
So far many of my inquiries to local Realtors have said to me "well it doesn't really matter if they do investment or owner occupied because it's all the same" at which point I politely thank them for their time, wish them a good day and hang up...
I from Bergen county and Im experiencing the same problem as you. What I have learned so far is to build up your network and try to stay away from realtors if you doing investing. Send me a message and we can talk about what you are looking for and trying to do.
The term "investor friendly realtor" is actually an oxy moron. Realtors are in the business of making money by means of a commission. They will always submit offers that are realistic. In a buyers market, 70% of ARV is realistic. Most RE investors want properties at < 50% ARV. This means you just asked the Realtor to take 50% less commission. Always put yourself in the other persons shoes. Would you take 50% less if you were a Realtor yourself?