How to find a investor savvy real estate agent

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how to find a investor savvy real estate agent

The Millionaire Real Estate Investor by Gary Keller

In a bull market, everyone seems like a genius.

Though the advice contained in this book is, in general, sound, following it will lead the average American on a sure path to misery. That is probably why the first section—almost 100 pages—is a rambling pep talk with about as much relevance to real estate as real analysis. The book fails because it does not do enough to explain the harsh realities of real estate investing.

The market might trend upward, but a buy and hold investment made at the wrong time will cripple an investor just getting his start. The buy and rent segment sounds like a great idea, too, right until you find out how easy it is for tenants to abuse the laws designed to protect them. The effects of a bad first investment or a bad tenant might not just slow you down, they can present a financial setback on the order of several years. For every highly-visible real estate superstar out there, there are dozens who have failed, and its not because theyre particularly stupid, lack connections, or didnt meticulously journal their finances.

Another issue I take with this book is how it doesnt discuss the difficulty of finding dependable property managers. Think of it this way- why would anyone want to be a property manager? It seems intuitive that property management is a profession in which the managers enrich themselves by having unlimited capacity to screw over landlords. When we start talking about hiring a CEO to take over your growing empire, we need to also think critically about who would possibly fill that position. If youre dealing with an eight figure portfolio, you can probably attract talent, but anything less than that and you run the risk of the CEO milking you for your connections and knowledge before starting a rival company in the same town. This is a problem that plagues many profitable small businesses that have potential to become more-passive medium-sized businesses.

At no point in The Millionaire Real Estate Investor is it clear whether real estate investing is supposed to be a hobby or a full-time occupation. The step between hey, walk around a neighborhood, check out local listings and make a few calls in your spare time to here is how much time you have to spend per day growing your network and performing other tasks is a large one and seems to purposefully be left ambiguous.

After wading through all the fluff and motivational quotes, I strongly believe that the core advice here is helpful and worth referencing. It covered nearly all the bases aside from the glaring omissions that make real estate much less sexy than it seems on House Hunters. I feel no motivation to read other books on the topic after having read this one.

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Published 04.04.2019

Should Real Estate Investors Get a Real Estate License?

Your real estate agent is your guide to everything when you are buying property. Here is a step-by-step manual to finding an investor-friendly.
Gary Keller

How To Tell If Your Realtor Is Investor Savvy

Joint ventures, wholesaling, and property management are just a few of the ways investors can profit from real estate, but it takes a little savvy to become successful in this competitive arena. While certain universities offer coursework and programs that specifically benefit real estate investors, a degree is not necessarily a prerequisite to profitable real estate investing. Whether an investor has a degree or not, there are certain characteristics that top real estate investors commonly possess. Real estate investors must approach their real estate activities as a business in order to establish and achieve short- and long-term goals. A business plan also allows investors to visualize the big picture, which helps maintain focus on the goals rather than on any minor setbacks.

Our mission is to help investors achieve financial freedom and build wealth through real estate investing. For investors who are looking to expand their current portfolios or make their first investment, we offer an exclusive network of investment focused real estate agents that source investment opportunities for real estate investors in multiple cities across the US. We offer this service free to investors and only collect a minimal referral free from agents upon closing of an investment property. More importantly, we streamline the process of finding deals and connecting with a knowledgeable, experienced agent who knows how to find investment opportunities in their area. Our Services Here is what we offer to investors. Access To Deals In Multiple Markets We only partner with knowledgeable, experienced agents who primarily work with investors, and most i Read More.

If you are just starting out, a good realtor can be your most important asset. A quality real estate agent can help secure and close more deals than you ever thought imaginable. However, not every successful realtor knows what a good investment property is or knows how to find them. Before you get going, take time and find the best possible realtor for you and your business. In most cases, this may not be the one that closes the most properties, but knows what you are looking for and how to find it. If you and your realtor are on the same page, it will make your first year in the business that much easier.

Finding a real estate agent that understands what it means to be investor friendly can be extremely hard. This is an agent that understands that.
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Our Services

It is percent possible to work with an investor friendly real estate agent who will boost your business bottom line — so long as they are an expert in their local market and can calculate basic investor equations. If you want help finding deals on the MLS and marketing investment properties in markets that you are unfamiliar with, working with an agent can be a great way to give your business an extra edge. Often times. Investors spend so much time focusing on marketing their finished properties or creating lead generation strategies that they are forced to spend less time out in the marketing networking and closing deals. So, where can you find these investor friendly agents? The best way is through a referral.

Sure, they are out there, but to the untrained eye it may seem like no such thing exists. What is an investor-friendly real estate agent? Why not? Because they work mostly with primary homebuyers and that is what they have been trained to work with. Easy- primary homebuyers want location and a house they personally enjoy living in.

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