Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago, 10/17/2022
FIRST PROPERTY, SHOULD WE USE OURSELVES AS AGENTS?
Hello everyone!
My wife and I are currently in the process of buying our first investment property. I am currently in the military, and we have been looking forward to buying a property for a while (particularly a duplex/triplex). We have gotten some great referrals for agents who then hooked us up with a good lender. We have a pretty good CCC set and the agent we are talking to is experienced with investment properties and well versed in general.
Although, my wife is currently working on getting her real estate license. So, we are wondering if we should stick with the current agent or wait until she gets her license? (Hopefully within the next month or two). If we did that, we could take advantage of saving some money and adding this to her portfolio. It seems like common sense to be our own buying agent and save that commission for ourselves, but we're not sure if it would be the smartest move since it is our first property both investing in and acting on as an agent. Is there anything we're missing or not thinking of?
Also, we don't want to potentially lose that connection with the fantastic real estate agent. How should we tell her that we are going to go solo without sounding like we want to stop working with her in the future or seeming disrespectful for wasting her time and taking her referrals. Let me know what you think.
Thanks so much!