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Updated almost 4 years ago on . Most recent reply

User Stats

166
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Spence Kal
  • Rental Property Investor
  • OH (ohio)
113
Votes |
166
Posts

Working with investors as an agent

Spence Kal
  • Rental Property Investor
  • OH (ohio)
Posted

Hey everyone, so this may be a controversial questions, or seem rude considering this is an investor forum, but how do you profit from investors in an area like Cleveland, Ohio. I'm a new agent (literally, licensed this weekend), so honestly I have the time and would love the experience, but I'm thinking about long term in the next 5-10 years. If I wanted to work solely with investors, how do agents typically do this to scale. If most of the houses they're looking at around here are in the 50-100k price range, is it possible to create systems, scale, and make up the difference with volume, or will you forever be insanely busy and overworked at that point. Or do you just start working more with large apartments or commercial buildings and make up the difference that way? Id love to help people realize their financial freedom, and invest, but is crazy to focus on investors when I'm surrounded by 400k residential homes flying off the market? 

Most Popular Reply

User Stats

4,369
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2,329
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Wale Lawal
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
2,329
Votes |
4,369
Posts
Wale Lawal
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
Replied

@Spence Kal As a new Agent, you need to start somewhere. Success does not happen overnight. I like the idea that you are trying to Niche down and work with your ideal clients (Investors). 

I am an Investor-Agent myself and I can tell you they are great clients to work with. Just know your value proposition (i.e your selling point or what makes your unique) I know you probably don't have one yet as a new agent but start working on it ASAP. Also keep learning and thing will stat getting clearer as each day go by.

You need to know how to analyze deal and bring a deal together as investor-agent. You need to work your way to being an ON-FIRE Agent.

O - Organize (The Investor-Agent must be well-organized)

N - Network (The Investor-Agent must be well network with other Real Estate professionals like Lenders, Appraisers, Property Managers, Inspectors, Insurance Agent, Contractors, etc)

F - Focus (The Investor-Agent MUST Focus on YOU)

I - Investor/Investment-Savvy (MUST be INVESTMENT SAVVY)

R - Responsive (Must Be responsive and answer your call/text)

E - Experience (Must be an investor or have experience working with investors)

Goodluck

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