First Time Meeting An Agent

[Troy Roberts]

Hi BP! My name is Troy Roberts for those not familiar and I’m from just outside St. Louis, Missouri. Im super excited to start investing, and based on Brandon’s famous LAPS funnel, I recently contacted a few real estate agents and have my first meeting tomorrow. I’d like to gain an access to the MLS and begin seeing leads, becoming for familiar with the area, and practice analyzing deals. This is something foreign to me and I’m not particularly sure what I need to be asking or doing during our time. Could anyone help inform me? Just general questions to be asking like commission rates, what kind of homes do you typically deal with, what’s your central location, etc. Anything would be greatly appreciated!! The other potential issue is I’m quite young. I’m currently 17 years old (now 7 days from 18) and I want to make sure this is taken seriously. I haven’t disclosed my age yet and I want to make sure it is not something that immediately turns the agent away. Any tips to maintaining a mature business presence? I’m mostly looking for thing you see younger investors do that give away their immaturity or lack of experience. Thank you so much for any feedback!!! I really appreciate the community’s willingness to educate young investors.

[Shawn Mcenteer]

Hi @Troy Roberts. Glad to see you are stepping into REI at a young age. You should for sure be honest with the agent you are meeting. You may find it difficult at first but unless you are qualified to buy a property most realtors will not want to spend a large amount of their time with you. Most realtors are taught to qualify a client to make sure clients are ready to buy, if you are not ready to buy the realtor does not make money. You may want to find local REI meet ups to get an all around idea of what it will take on your end. Meet ups are great places to speak with lenders, realtors and investors. Also I highly recommend you stay active on BP.