Investor · Miami, FL · Member since 2015 · 379 posts · 330 votes
9y
Please do a search on this topic within the forums as you'll most likely find 10x more useful information than you would in this post that many may overlook as it has been answered a series of times. I would post the links but I am on the mobile version.
Happy investing!
Investor · Hugo, MN · Member since 2016 · 208 posts · 68 votes
9y
@Te
@Account Closed, I think it is really up to you and what you want to do with your business. As you grow your business it may make more sense to outsource to an agent now and then vertically integrate it into your business later.
That being said, it sounds like you need to keep looking for an agent to be part of your team. There are investor friendly agents out there who understand the business model, the number of offers you'll be placing and the time it takes to do everything. When we first started we met with an agent that we thought would be investor friendly, but they were more comfortable with the traditional buyer that didn't need as much information in as timely a manner. Now we have an agent that provides us with an assistant login (we pay the fees) and understands the business.
Pros; you will have access to MLS and can submit your own offers.
Cons; you'll need to hang your license at a brokerage, some limit the number of purchases an agent can make in a year for themselves and their business. Some brokerages want a cut of every deal. Some are more investor friendly.