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Updated about 7 years ago on . Most recent reply

User Stats

13
Posts
8
Votes
R DeMeritt
  • Real Estate Investor
  • Chino Hills, CA
8
Votes |
13
Posts

Finding a realtor

R DeMeritt
  • Real Estate Investor
  • Chino Hills, CA
Posted

Any suggestions on finding a realtor that acually works for a living? I'm a private investor that pays cash for properties, rehab, and flip right away. I've bought and sold several properties this year. The first five did well, the sixth broke even, the seventh will lose money for sure, the 8th...I'm not sure yet. When I buy these properties at trustee sales, she's always 25K+++ short on what the real comps are.

In short... my realtor has lost direction and is now losing money on my behalf. It's time to pull the rip cord.

Maybe someone has input on a good way to find a SOLID realtor that isn't afraid to work. One that networks with buyers, investors, etc...

I pay 4% to my realtor if they make the sale.

OR

I pay 1% to my realtor and 3% to realtor that actualy sold the property.

OR

I pay 1% to my realtor when I sell my own property. Should probably be more like .05% !

I'll buy and sell around 12 properties per year.

Most Popular Reply

User Stats

22,059
Posts
14,127
Votes
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,127
Votes |
22,059
Posts
Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

But you're only paying 1% for the sale? 3% to the buyer side agent, but only 1% to the listing side, and yet you're wanting them to do CMAs (not just pull comps) and title searches on the fly? I'm not surprised you're having trouble getting enthusiasm.

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