Realtor Looking to Learn About Becoming an Investor
Hello, my name is Rose, and I am a realtor who is looking to learn whatever I can about real estate investing. My initial goal is to partner with an investor so that I can assist with finding him/her investment properties. My ultimate goals is to become an investor.
Quote from @Rose Kennedy:
Hello, my name is Rose, and I am a realtor who is looking to learn whatever I can about real estate investing. My initial goal is to partner with an investor so that I can assist with finding him/her investment properties. My ultimate goals is to become an investor.
Welcome to BiggerPockets and good luck accomplishing your goals. Feel free to ask any questions that you have here since this is a great place to learn so much from other investors. I would suggest going to local real estate meetups so you can begin to network with other investors and find some that you are interested in working with. Since you have access to the MLS, try seeing if you are able to locate a deal on there, run an analysis on it, and bring that property to an investor. If you are able to bring them deals that interest them like that, then there is a high probability they would be happy to teach you and work with you as well since you are bringing them value.
Hi Rose! That's awesome! I love to hear when fellow realtors are investing. Have you decided what kind of investment you're interested in, and what markets? I would love to connect with you to learn more!
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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Representing an investor will teach you all you need to know. Get them in a flip property, run numbers with them, explore lending options with them, and ask if you can project manage the rehab.
Hi Rose, welcome to BiggerPockets! Finding a partner in real estate can be a great way to leverage your skills and resources, share risks, rewards, and achieve your goals more efficiently. Here are some tips that you could use to find a partner on your real estate journey:
1. Identify: What are your goals and objectives? Are you looking for a partner who can help you find deals, finance them, manage them, or provide other skills and resources?
2. Networking: Attend local real estate events, join real estate investment groups, and connect with other investors and professionals in your area. Let them know what you're looking for and what you can offer. This way, they'll know that it's not just a one way street.
3. Connect with investors and Brokers: Real estate brokers and agents are often well-connected and may know of potential partners or investors who are looking for opportunities to invest in real estate. You'd find this very beneficial in your search.
4. When you find a potential partner, it's important to be transparent about your goals, expectations, and abilities. Discuss the details of the partnership and ensure that you've established clear expectations. Create a written agreement that outlines each person's roles, responsibilities, and expectations. This can help prevent misunderstandings and ensure that everyone is on the same page.
5. Take the time to evaluate potential partners thoroughly. Look at their experience, track record, and reputation in the industry. Meet with them in person to get a sense of their personality and work style.
Hope this helps and all the best!
Quote from @Konstantin Ginzburg:Konstantin, thank you so much for the valuable advise!!! I am currently researching real estate meetups in my local community.
Quote from @Rose Kennedy:
Hello, my name is Rose, and I am a realtor who is looking to learn whatever I can about real estate investing. My initial goal is to partner with an investor so that I can assist with finding him/her investment properties. My ultimate goals is to become an investor.
Welcome to BiggerPockets and good luck accomplishing your goals. Feel free to ask any questions that you have here since this is a great place to learn so much from other investors. I would suggest going to local real estate meetups so you can begin to network with other investors and find some that you are interested in working with. Since you have access to the MLS, try seeing if you are able to locate a deal on there, run an analysis on it, and bring that property to an investor. If you are able to bring them deals that interest them like that, then there is a high probability they would be happy to teach you and work with you as well since you are bringing them value.
Quote from @KiKi Wood:KiKi, Hello! I am thinking about investing in possibly single family residential homes and/or raw land in the Columbus, Georgia area. My current goal is to partner with an investor in my community to assist with locating deals for the investor(s).
Hi Rose! That's awesome! I love to hear when fellow realtors are investing. Have you decided what kind of investment you're interested in, and what markets? I would love to connect with you to learn more!
Quote from @Eliott Elias:Valuable information!!! Thank you so much...I will keep this in mind throughout my journey of building a relationship with an investor.
Representing an investor will teach you all you need to know. Get them in a flip property, run numbers with them, explore lending options with them, and ask if you can project manage the rehab.
Quote from @Steven Foster Wilson:
Hi Rose, welcome to BiggerPockets! Finding a partner in real estate can be a great way to leverage your skills and resources, share risks, rewards, and achieve your goals more efficiently. Here are some tips that you could use to find a partner on your real estate journey:
1. Identify: What are your goals and objectives? Are you looking for a partner who can help you find deals, finance them, manage them, or provide other skills and resources?
2. Networking: Attend local real estate events, join real estate investment groups, and connect with other investors and professionals in your area. Let them know what you're looking for and what you can offer. This way, they'll know that it's not just a one way street.
3. Connect with investors and Brokers: Real estate brokers and agents are often well-connected and may know of potential partners or investors who are looking for opportunities to invest in real estate. You'd find this very beneficial in your search.
4. When you find a potential partner, it's important to be transparent about your goals, expectations, and abilities. Discuss the details of the partnership and ensure that you've established clear expectations. Create a written agreement that outlines each person's roles, responsibilities, and expectations. This can help prevent misunderstandings and ensure that everyone is on the same page.
5. Take the time to evaluate potential partners thoroughly. Look at their experience, track record, and reputation in the industry. Meet with them in person to get a sense of their personality and work style.
Hope this helps and all the best!
Steven, awesome information!!! I will definitely keep in mind all of your valuable tips in building a relationship with an investor.
#4 New Member Introductions Contributor
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#4 New Member Introductions Contributor
- Specialist
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That's a great goal, Rose! This is a great place to learn and further investigate investing in real estate.
Welcome aboard and best of luck investing!
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Welcome @Rose Kennedy. I'm an investor who is also licensed. I did close to 30 deals before I became licensed. I paid a mentor to show me everything about REI. For years I used my license to only with investors - and only on referral. Recently, I stopped accepting new clients and only work for my passed, repeat clients or on my own investments.
I'd highly recommend learning all about the - almost endless ways to invest in RE. That will validate you to serious investors, often those who are full time and pay cash for 1-2 properties a month. But be willing to do the work. I was willing to show these full time investors 30-40 properties a week for fix and flips. And for long term holders, I marketed to FSBOs and outside of the MLS to find off market deals. Which were often, but not always - below market or needed a creative way to finance them.
Best of luck!
Quote from @Julio Gonzalez:Julio, thank you so much! I am quite confident that I will learn a wealth of information about investing in real estate within this platform...
That's a great goal, Rose! This is a great place to learn and further investigate investing in real estate.
Welcome aboard and best of luck investing!
Quote from @Shiela R.:Sheila, Oh my...what great advice!!! I am so excited, and I am looking forward to learning about real estate investing. I am looking forward to finding an investor who would too become a mentor as well as building a relationship to assist with finding their desired investment properties. Once again thank you for sharing your knowledge!
Welcome @Rose Kennedy. I'm an investor who is also licensed. I did close to 30 deals before I became licensed. I paid a mentor to show me everything about REI. For years I used my license to only with investors - and only on referral. Recently, I stopped accepting new clients and only work for my passed, repeat clients or on my own investments.
I'd highly recommend learning all about the - almost endless ways to invest in RE. That will validate you to serious investors, often those who are full time and pay cash for 1-2 properties a month. But be willing to do the work. I was willing to show these full time investors 30-40 properties a week for fix and flips. And for long term holders, I marketed to FSBOs and outside of the MLS to find off market deals. Which were often, but not always - below market or needed a creative way to finance them.Best of luck!
#1 New Member Introductions Contributor
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#1 New Member Introductions Contributor
- Solo 401k Expert
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Welcome to the BP family @Rose Kennedy , you came to the right place to learn all about real estate investing!
Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...
I hope BP helps you achieve your goals!
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Dmitriy, thank you so much for the kind welcome and advice! I am confident BP will indeed help me to achieve my goals...
Hey @Rose Kennedy i am currently investing and wholesaling in the Columbus market, working on some rental units as we speak. Feel free to reach out. I also have a real estate agent in the area.
Hello Rose, Welcome to the BP community! You've come to the right place to learn about becoming an investor. I would recommend networking as much as possible while educating yourself through the BP book collection. I would also work towards finding a mentor that is an established real estate investor. I believe your goal is very achievable. Do not get stuck in the analysis phase, when you find the right deal take action!
Quote from @Brady Ferguson:
Hello Rose, Welcome to the BP community! You've come to the right place to learn about becoming an investor. I would recommend networking as much as possible while educating yourself through the BP book collection. I would also work towards finding a mentor that is an established real estate investor. I believe your goal is very achievable. Do not get stuck in the analysis phase, when you find the right deal take action!
Brady, thank you so much for your valuable recommendations!!!! I will definitely keep them in mind as well as put them into action.
Quote from @Rose Kennedy:
Hello, my name is Rose, and I am a realtor who is looking to learn whatever I can about real estate investing. My initial goal is to partner with an investor so that I can assist with finding him/her investment properties. My ultimate goals is to become an investor.
Totally agree with this, being a realtor is just another 9-5 job, it's important to buy real estate yourself as well!
#2 New Member Introductions Contributor
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#2 New Member Introductions Contributor
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Hi Rose! I am also a licensed realtor and am more focused on the investing side. Let's connect.
