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Updated 12 days ago, 11/30/2024
How to find brokerages that work with investors
I'm studying for my real estate license, and plan to primarily work with investors once I'm licensed. How would you recommend finding a brokerage with similar interests/goals that could possibly be a sponsor. Also things like culture fit, company goals, etc. Just looking for a way to go about finding these brokerages.
Talk with other agents in your area and find out who the most investor-orientated brokerages are. This will have the added benefit of networking with other agents.
- Real Estate Agent
- Queens, NY
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Quote from @Luca Perinuzzi:
I'm studying for my real estate license, and plan to primarily work with investors once I'm licensed. How would you recommend finding a brokerage with similar interests/goals that could possibly be a sponsor. Also things like culture fit, company goals, etc. Just looking for a way to go about finding these brokerages.
Hey Luca!
Residential brokerages have similar goals - sell homes, grab market share. They aren't too concerned with the type of transaction (traditional homebuyer/seller or investment). The individual agents/teams within the brokerage are the ones that set out to establish a niche to work with investors.
If you're looking for a broker primarily focused on working with investors, you may want to speak with commercial brokers and agents.
- Abel Curiel
Quote from @Luca Perinuzzi:
I'm studying for my real estate license, and plan to primarily work with investors once I'm licensed. How would you recommend finding a brokerage with similar interests/goals that could possibly be a sponsor. Also things like culture fit, company goals, etc. Just looking for a way to go about finding these brokerages.
You could create one… we did.
- Trevor Richardson
- [email protected]
Quote from @Luca Perinuzzi:
I'm studying for my real estate license, and plan to primarily work with investors once I'm licensed. How would you recommend finding a brokerage with similar interests/goals that could possibly be a sponsor. Also things like culture fit, company goals, etc. Just looking for a way to go about finding these brokerages.
One brokerage i've ran into is New Western. Their strategy is very different from most, as they almost exclusively work with investors. They are pretty much wholesalers, cash or hard money almost exclusively, and a lot of buyers have an. offer accepted sight unseen. Very different business model from the KW's and EXPs of the world, but a strategy that works for some.
I would honestly recommend getting on mailing lists for properties. That's how I see how these different businesses operate, by what type of properties they're advertising.
Good luck on the exam, and good luck in your search!
- Kiara Colon
- [email protected]
Hi @Luca Perinuzzi, I work with New Western and we only sell investment properties, so all of our clients are naturally investors. New Western is one of the best workplaces according to Glassdoor. The culture in our office is very supportive and promotes work/life balance, while still being competitive. I encourage you to meet with a few different brokerages in your area and see which one is the best fit for you. I would ask what their commission percentage is, how much training they provide, if they require you to be in the office, and how much their agents make on average. Good luck!
New Western is the way to go absolutely love it!
Hi @Luca Perinuzzi - I can talk about this extensively.
I started investing in 2019, got my license in 2021 and was initially with a residential broker that was primarily focused on retail transactions (aka sales, purchases, leases, for regular end user folks).
After I learnt what I had to by making mistakes, hosting open houses, and closing a few deals - I switched to another brokerage that dealt mainly with offmarket properties and investors (both residential and commercial).
After getting your license and joining a brokerage, you should do your best to network and talk to as many people as possible - that's how you'll hear about who the movers and shakers are in your local area.
Most investor deals are traded off-market, and the brokers/investors/agents that gatekeep them typically will trade with only their circle as it's a form of doing repeat business with the folks they already know and trust.
- Mohammed Rahman
- [email protected]
- 929-349-8042
@Luca Perinuzzi Did you end up getting your license? What brokerage did you join? How's it going so far? Have you been able to list or sell any investment properties yet?
Hi Luca, it is great to hear that you are on your way to pursue your Real Estate License. My advice is to keep your options open. We have worked with Investors and they are never really married to their Realtors unless you happen to connect with somebody looking to do a long-term hold and actively trying to find a good realistic deal. You want to put your effort in for somebody that is going to be reciprocal. In my experience, we've had investors that aren't necessarily interested in looking with just one person. Now, a family looking to buy their first home that is a completely different story. It's not to say you should't work with investors, but keep your options open.