An investor who wants to succeed will team up with at least one real estate agent (or broker). The agent should be highly professional and experienced in working with investors. The agent should also be knowledgeable about the area that the investor targets and about current real estate market conditions. A good working relationship between an investor and an agent is built on compatibility, trust, respect, and understanding.
An experienced real estate agent can help direct new investors to properties that are appropriate to their investment plans. In the process of becoming better acquainted with the investor, the agent will develop a keener understanding of the type of properties – such as single-family houses, multi-family houses, combination storefront/apartment buildings, etc. – that are suitable to the investor’s needs and available financing.
Many sellers set their asking price to compensate for the commissions they must pay their real estate agents. For a buyer, this means that the costs of a real estate transaction will be higher than they would be if no real estate agent were involved. Nevertheless, good agents are often worth the extra expense in the long run. They can help bring properties to the attention of investors who may not find them on their own, and agents with effective marketing skills are invaluable when investors want to sell off properties in their portfolios.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125