Making Offers With Real Estate Agents

[Josiah Santillana]

Hi, 

I am trying to start out in my investment journey in Phoenix, AZ. Does anyone have any good advice how to get started finding deals? I was wondering about when using real estate agents and finding potential deals off of the MLS, how are you able to make multiple offers on multiple different properties to see if one lands? Or is there a different strategy when working with agents?

Thanks so much!

[Corby Goade]

I am not a fan of the "seeing what sticks" method. For one, I don't know many long term, experienced investors who use this method. To me, it shows a lack of experience and understanding of your market. Secondly, many agents will get tired of this pretty quickly. It takes time and effort to write offers and follow up with agents and sellers. Lots of deals fall through, but I were working with a newbie and doing this constantly, where my client was obviously not sure what they want or how to get it, I'd probably break up with them fairly quickly. 

Learn your market, prepare yourself to act and make serious, competitive offers quickly when a great deal presents itself. You don't need a thousand units in  year. Pick a couple up and learn the business while you begin your career. 

Good luck!