All Forum Posts by: Wale Lawal

@Brianna Meyers

Put your client's interest first and know your stuff.

Goodluck

@Bennie Leija sorry about your frustration with your Realtor.

Real Estate Agent have Fiduciary Duties to their clients, they are:

• Loyalty.
• Obedience.
• Disclosure.
• Confidentiality.
• Reasonable Care and Diligence.
• Accounting.

Something is obviously missing or lacking here. 

How experience is your Realtor selling New Construction? As you mentioned inexperience/new Realtors will not understand the steps and designs.

You need to identify and work with an ON-FIRE Agent. They will make your life easier and save you from this kind of headache.

ON-FIRE Agent means they are:

O - Organize (The Investor-Agent must be well-organized)

N - Network (The Investor-Agent must be well networked with other Real Estate professionals like Lenders, Appraisers, Property Managers, Inspectors, Insurance Agent, Contractors, etc)

F - Focus (The Investor-Agent MUST Focus on YOU)

I - Investor/Investment-Savvy (MUST be INVESTMENT SAVVY)

R - Responsive (Must Be responsive and answer your call/text)

E - Experience (Must be an investor or have experience working with investors)

Savvy Agents will put your interest first and not theirs. 

Goodluck

@Justin Rush You are in the right place. 

@Rob Lee has answered your concerns. 

You can also extend your research to get on some great wholesalers email list. It's tough for them too in this current market though.

Houston, Texas is a top choice for many savvy investors for several reasons.

Goodluck

I call this type of Agent an ON-FIRE Agent. They will make your life easier and save you from costly mistakes.

ON-FIRE Agent means they are:

O - Organize (The Investor-Agent must be well-organized)

N - Network (The Investor-Agent must be well networked with other Real Estate professionals like Lenders, Appraisers, Property Managers, Inspectors, Insurance Agent, Contractors, etc)

F - Focus (The Investor-Agent MUST Focus on YOU)

I - Investor/Investment-Savvy (MUST be INVESTMENT SAVVY)

R - Responsive (Must Be responsive and answer your call/text)

E - Experience (Must be an investor or have experience working with investors)

@Chris C. Congratulations on your decision to take action.

Based on your post and goal, Houston Texas seems to be a perfect match for you. 

I can chat with you about few strategies and neighborhoods in Houston, Texas.

Goodluck

@Gregory Schwartz I agree with your point on top producing agents. This could be single-family or multi-family.

Also, the Big Brokerage does not mean they are better than the Investor-Agents with small brokerages. All the matters is how well they have worked with investors both local and out of state investor. 

Also, biggest does not mean the baddest, in fact they may not be the best for new investors that need more handholding and guidance.

I wrote this blogs few weeks ago about this topic:

https://www.biggerpockets.com/...

https://www.biggerpockets.com/...

The BiggerPocket has also made it easier for any investors to connect and interview ON-FIRE Investor-Agent (Not Just Investor-Friendly). 

These Agents are investors that are closing deals themselves.

You can find them for any city and as an example, here are is the link for Houston Investor-Agents

https://www.biggerpockets.com/...

Goodluck to everyone doing their due diligence and taking action.

@Jean LaCosse I will suggest you cover any city within 1-hour drive of where you live.

Make sure to understand the market and the cities so you have better serve your clients.

Goodluck

@Jose Terrones 97% of condos and townhouses will not allow AirBnB.

Because of your tight budget and limited experience, I will suggest you focus on single-family within and outside 610 Loop.

Get yourself a good investor realtor (Investor Agent) and have your pre-approval letter ready so you can be able to move swiftly once you find something that meets your criteria.

Goodluck.

@Michelle Crochet Yes, you can still find them in Houston and surrounding cities...Not in Katy, Cypress, Spring.

You will need to constantly analyze a lot of properties and move quickly when you find one. 

You will also need a Rockstar Investor Agent that has your interest at heart and willing to make several offers for you because you will be competing with other 49 serious buyers who are mostly non-investor.

Goodluck

@Adrien Salvador Focus on value-add relationship.