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Updated about 6 years ago on . Most recent reply

User Stats

66
Posts
21
Votes
Justin O'Malley
  • Lakewood, CO
21
Votes |
66
Posts

Finding the right realtor to analyze my first rehab property

Justin O'Malley
  • Lakewood, CO
Posted

What's up BPers,

I've been shopping around for my first property and I have a concern with who I hire as a realtor. I won't drop names here but the person I found has sent me a lot of overpriced properties and every time I have sent them something that is cheap but needs work, they steer me away saying I don't want to dig my self into a hole. I think this realtor is much better suited for families finding their ideal home rather than finding properties that generate passive income (after some elbow grease).

My question to you is how do I find a realtor in the Denver area that will help me determine if the deals I find are actually deals or not. Any and all suggestions are extremely helpful and I thank you for your time!

The current house in question is on the MLS for 195k. It's a 2 bed/1.5 bath in a neighborhood that has a median home value of OVER 340k! The description of the property mentions structural issues so I can see why my realtor was skeptical but the pictures don't look like anything that can't be fixed with a 203k loan. In Denver I've had a lot of troubles finding any property that cashflows enough for a house hack but I think a BRRR on this property could fetch a large profit. Let me know what you think!

Most Popular Reply

User Stats

1,151
Posts
950
Votes
Kyle Mccaw
  • Property Manager
  • Keller, TX
950
Votes |
1,151
Posts
Kyle Mccaw
  • Property Manager
  • Keller, TX
Replied

Don't bother with that agent. 95% of real estate agents no NOTHING about investing. Look in your local real estate investment clubs for an agent that understands what you need. Most good investments in my market Dallas-Fort Worth are never hit the MLS. So you may want to start talking to wholesellers. But be sure they have have good references.

  • Kyle Mccaw
business profile image
McCaw Property Management
4.4 stars
657 Reviews

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