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Updated almost 9 years ago on . Most recent reply

User Stats

10
Posts
5
Votes
Joey Ashley
  • Investor
  • Greenwood, IN
5
Votes |
10
Posts

Miami Agent Needed

Joey Ashley
  • Investor
  • Greenwood, IN
Posted

Hi, I am relatively new to investing in RE, even newer to the BP community, and I am blessed to have incredible partners who are anything but! We are looking for rehabs, and buy and holds in the Miami area. I am tasked with finding an investor-friendly agent to partner with in order to gain insight and locate potential deals in the market. Our prior experience is in Northern and Southern CA, as well as NV. However, as regulations in CA continue to push us more toward new construction, and further from our comfort zone, we are opting to move in Florida! 

We are looking for Agents to partner with over the long haul, provided we are all a good fit with one another. Many of the agents who have introduced themselves here, fail to include contact info. So, I am reaching out now!

I don't believe that this post constitutes the offering of a deal, as outlined in the BP agreement? If so, please notify me, and I'd be happy to remove it. Also, as my first post here, I can't include contact info. So, I suppose this networking attempt shall take place here, initially?

Cheers

-Joey

Most Popular Reply

User Stats

917
Posts
726
Votes
Thomas Franklin
  • Real Estate Investor
  • Miami, FL
726
Votes |
917
Posts
Thomas Franklin
  • Real Estate Investor
  • Miami, FL
Replied

@Joey AshleyMany Realtor state they are "Investor Friendly" to gain your business. Then, you spent countless time having to educate them. I do not mind working, with new Realtors, but in my opinion, he/ she should bring value, to the table. I would propose that you interview several Realtors and ask them the following questions. 

1. How many investors do you currently work with and how many investors have you worked with, in the past?

2. How many transactions have you closed, with investors?

3. Do you currently own any Investment Properties? If so, what type do you own?

4. Are you a member of any REIAs?

After locating a Reltor you are comfortable with, the first step would be to determine the hot markets, in all of Miami-Dade County with the greatest number of sales over the last 90 to 120 days. I would prefer 90 days because markets are always changing. This list would contain the zip code and corresponding name of the municipality. In addition, a breakdown of the number of SFRs (single family homes), Condos, and Townhouses, with a total summation, in the last column. You can utilize a website best places.net that will give you a breakdown of the percentage of homes that sold, in various price ranges, for a given zip code. This will identify the retail price ranges, in which you can list the rehabbed property and the price ranges, of distressed homes, you should target. I will utilize the top two percentages, for each zip code that I call my "Sweet Spots."

I am located, in Miami. I am a Rehabber as well as a Buy and Hold Investor. Please free to reach out, to me, if you feel I may be of assistance, to your Real Estate Endeavors. Much to your success!

  • Thomas Franklin
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