RE agents know nothing about investment properties

[Jedd Braunwarth]

OK, maybe some agents are really good and do understand investing. However, I am amazed how many I meet that know nothing about different financing methods, how to determine true cash flow, cap rates, and some are terrible salesman/women. After one agent sent me the numbers I found the property just would not work for my investing strategy and did not cash flow at all. I kindly told her that it would not work because I would need rents to be much higher or purchase price to come down a lot (listed $399k with gross rents at $1650 monthly) She then responded and told me that I would be crazy not to see it and if I did I would understand how profitable it is. She insisted it is cash flowing. How does seeing something have anything to do with profitability? I again declined and she then told me that I need to change my investing strategy! I left it alone and didn't respond... She then sent me another email a week later asking if I realized she was right and if I needed her help with me my strategy. I again let it go so I could vent on here! To end on a positive note I have a solid couple of go to RE agents that really understand the investing game. They are a huge help to me.

[Skyler Smith]

I'm in the same boat as @Kim Rock, I was super frustrated with the agents I was working with, they would use catch phrases to respond to my questions and say things like "great deals like that don't really exist in the real world." Being the one to write your own offers is gold.

I got my license primarily to get MLS access and to possibly bring on some side income. Being licensed brings extra credibility. helping others buy their primary residence has been great experience and I'm going to quit my job in a couple of months because it brings in just enough extra income. One nice thing about being the investor/realtor is that other agents come to you with questions about investing, and might sometimes throw a referral your way because of that. If there are ever deals I can't buy myself I know I can find someone that might want to buy it and help them make an offer