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Updated almost 4 years ago on . Most recent reply
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Questions for Potential Realtors
I really want to get started with my real estate investing journey, but I feel caught up in the nuances of the first couple things to do.
What kind of questions should I be asking when initially screening realtors? How do I know if they would be REI friendly?
This is specifically for out of state investing since my market (Southern California) is mostly out of my budget. Any advice would be much appreciated.
Most Popular Reply
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@Brock Jenkins Find one that is listed here in BP under Network for the city and state you want to invest in. That is half the battle. Then ask them how many transactions they have done with other investors, especially out of state investors since your looking in other markets. Then ask them how they go about getting comps to you. If they don't know how to run both sold and rent comps for you look elsewhere. I have found that the numbers don't lie.And a good investor/realtor will let you know the areas that are great to invest in depending on your exit strategy. Personally I prefer buy and hold to start with. Plus, a good realtor will recommend a good home inspector, investor friendly lender ( @Andrew Postell is who I recommend for TX and a fellow investor), property management, make ready contractors, licensed home inspectors, etc..... A great realtor on your team will help you with building your team and don't mind working with you. I focus on the Dallas/Ft. Worth area and invest here. So any questions about DFW let me know.
- Joe Funari