DON'T BE A VAMPIRE, REAL ESTATE INVESTORS (Humor)

[Matthew Drouin]

A warning to Real Estate Investors,

DON’T BE A VAMPIRE. If you are an investor, you want to work with a rock star agent, right? Then don’t act like Mr Simmons here.

Here’s what you WANT to do if you want to have a successful relationship with an agent:

1.) Be mindful of the agents time. They are not some free public utility that you can abuse. Agents have a life too and it doesn’t revolve around you.
2.) Be prepared on your financing. If you are paying cash, have a proof of funds ready and share it with the agent. If you have a private money lender, be sure to have a commitment letter from them if they are a well known company in the community. If it’s a family member or not someone we’ll known that is lending to you, make sure you have their proof of funds with a letter of commitment.
3.) Be specific with what you are looking for in an investment property. Not just the location and neighborhood but what your return on investment requirements or other financial goals are. How do you analyze an investment property? Share your financial analysis spreadsheet with them. Better yet, if you’ve bought property before produce a credibility book that showcases your portfolio and your numbers.
4.) Be humble and be professional. Being a real estate investor is not a hustle. You have to think of yourself and carry yourself as a practitioner. Being humble makes you likable and inspires trust and loyalty. A lot of investors carry themselves with an air of superiority that is off putting to most people.