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Updated 11 months ago,
Vetting an Agent for Flips/Value Add
New investor here, looking to get started on flips and value add projects in the Denver area.
After spending many hours buried in property records searches and financial spreadsheets, I've determined the best way to move forward is to enlist an agent who caters specifically to buyers looking to capture value from rehabbing run down and distressed properties. Confident as I am in my ability to manage the projects, I simply don't have the depth of market knowledge or transaction experience to do my own deal sourcing (yet!).
I intend to seek referrals at local investment community meetings, as well as my own network, but I want to make sure I find an agent who plays this particular game - rehabs, foreclosures, auctions, etc.
To that end, does anyone have advice on what questions I should ask prospective agents? Specific experience I should seek out? Red flags to avoid?
Any pointers, or local referrals, are most welcome. Thanks!