hey all - new to the site
- and new to real estate investing...
i'm eager to start this venture, & i plan to start by doing ASSIGNMENTS - since basically i have no other choice right now.. lol
but here's where i'm confused, i keep reading & seeing how you should "find your own realtor/agent to help you find great deals" but i just don't understand this concept?
if an agent or realtor can find so many great deals, why then would they need me?? if they have motivated buyers, and they can find great deals on their own, again, why would they need me?? why not just complete the deals themselves? make any sense? i've read dean's book twice & still do not understand this concept... what don't i see here?
the only thing i can think of if you were to find an agent to help you is...you either:
1. should do this when you can actually be a true investor yourself (with financial buying power yourself) or...
2. already have an established list of "buyers" to bring to the table so that when this agent does find you these great deals, you can then "lock them up" & assign... (to your list of buyers)
other than that scenerio, i just don't see the role of the agent in helping? - because for some reason it has come across to me that the agent also plays a role in helping you to find buyers... so it just doesn't add up for me??
using "matt's story" as an example: i don't see how matt's 25:1 strategy fits the assignment category?? when he gets his one accepted offer out of the 25 offers his agent submits (finds), does his agent then help him to find a buyer too? - so he can then assign this property? why would she even need him then?? why not just do the deal herself? (unless matt is coming to the table with a buyers list himself) - which the story does not say (i read it 3x and it comes across like the agent basically just does everything, & he just rakes in the cash...) - or is he actually buying these homes himself..? which then if he is it proves what i am saying: WITH ASSIGNMENT - how does an agent actually help you? i'm thinking that the only way they can, is if you come to the table with buying power...
- if I don't have buying power or leverage whether it be myself or motivated buyers lined up, why then would an agent need (me)?
some clarity on this would be great - thanks!