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Updated over 4 years ago on . Most recent reply

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Katie Rawls
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Do I use a realtor friend on my first rental property?

Katie Rawls
Posted

I have a 7 unit property I am inquiring on directly, asking questions my banker has advised. Should I bring my realtor friend in on it if I am doing all the leg work? This is my first rental inquiry and my realtor has only helped me close on my personal residence. I don't know that he would have much to do on it--seems like he would just get a commission hook up. But for networking purposes with my realtor friend, is that better than letting all commissions go to one realtor I don't know? Thoughts?

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Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
2,466
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Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
Replied

Most likely, no, @Katie Rawls. The vast majority of RE agents don't know the first thing about investment properties, let alone commercial multi-family. Best to find an agent or commercial broker that knows what they're talking about.

  • Jaysen Medhurst
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