What are Incentives I can offer an investor friendly RE agent?

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What are Incentives I can offer an investor friendly RE agent?

James Allen
Lender · Los Angeles, CA · Member since 2015 · 184 posts · 92 votes

Me and my wife are about to begin our first wholesaling campaign after lots of study and courses. We want to find a investor friendly RE Agent so that we can get access to the MLS and get comps on potential properties and such. My question is what are some incentives I can offer the RE agent to make it a real win win?

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Russell BrazilBusiness Member
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Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
10y

Money is usually a pretty good incentive

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  • Mike CumbieBusiness Member
    REALTOR® · Brockport, NY · Member since 2015 · 3k+ posts · 4k+ votes
    10y

    Hi @James Allen,

    I would say the biggest thing in my eyes would be to respect their time and reputation. I understand it is a numbers game and making everything a system makes sense in some respects. If you are looking for someone to just make offers and run comps (not saying you are by any means) then I would recommend finding a college student who is willing to work for some spending cash, who will be leaving the area in a couple years and pay for their license. Win/Win for both. If you are looking for a professional to recommend areas and point out values, recommend lenders, bring up a new shopping center in the area or new manufacturing plant coming in then just keep mental track of how much you are working them vs what they are making off of your deals. If you start to think to yourself "I would never do what he is asking me to do for that payoff" then adjust some. 

    Good Luck in your investing!

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  • Adrien C.
    Property Manager · Griffith, IN · Member since 2015 · 1k+ posts · 913 votes
    10y

    When you start using one for comps and market info- make sure you send them some referrals. You'll talk w sellers who are motivated to sell but it doesn't fit a wholesale model (house in retail condition, no need to sell quickly, etc). pass those folks on to the realtor who can list it the traditional way. 

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  • James Allen
    OP
    Lender · Los Angeles, CA · Member since 2015 · 184 posts · 92 votes
    10y

    @Adrien C. - yea, that's the only thing I can think of. Did you find that was enough to get the RE agent on board? 

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  • Adrien C.
    Property Manager · Griffith, IN · Member since 2015 · 1k+ posts · 913 votes
    10y

    I had a prior relationship with an agent so it was easy to get some comps initially and pass him stuff occasionally. I use him sparingly so I don't burn him out. 

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  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    10y

    Money is usually a pretty good incentive

    [email protected]301-893-4635Podcast Guest on Show #192
    District Invest Group545 Reviews
    WebsiteView Page
    2Reply
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