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Updated over 1 year ago on . Most recent reply

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24
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20
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Luca Perinuzzi
  • Real Estate Agent
  • Long Island, NY
20
Votes |
24
Posts

Investor-Friendly Agent while not living in the area

Luca Perinuzzi
  • Real Estate Agent
  • Long Island, NY
Posted

Looking for any tips or advice on being an investor friendly agent in an area you do not live in. I currently live in Long island NY and am studying for my real estate license. 

Is it possible/feasible to work with investors to buy properties in other markets (Upstate:Buffalo, Rochester, Albany. Out of state - (get a different/reciprocal license and work in a different state) Houston, Indianapolis, Columbus/Cleveland, etc.) while also living in long island. 

I bring this up because I'm aware investors shy away from New York because of the taxes, and especially areas like long island/Queens area because of the significant increase to price of entry. Am I being unrealistic with these aspirations?

Also currently reading the Millionaire Real Estate Agent and am aware of one of the myths that he states which is it can't be done in my market. 

Any thoughts/advice are appreciated, Thanks!

Most Popular Reply

User Stats

20
Posts
8
Votes
Michelle Schrader
  • Real Estate Agent
  • Rochester, NY
8
Votes |
20
Posts
Michelle Schrader
  • Real Estate Agent
  • Rochester, NY
Replied

Yes I agree with Taj you have a duty to provide the most up to date info to your client and a local agent will have that insight. But you could certainly meet with a local agent to upstate, have them show you around so you do in fact have that knowledge and know zip codes and streets to target. 
For example I live in the Rochester market but own some property in Destin, Fl. I am more familiar with that street by street than even my home town. But I can’t hold my license is FL so instead I hope to refer. You could build a relationship with a local upstate agent and maybe you both refer different clients to each other. 
Ive been an investor and am finishing up my license requirements as well so feel free to reach out with more questions. 

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