People saying to find "investor friendly realtors" - question

[Jessica G.]

I've seen many times the advice given to find "investor friendly" realtors to help you find properties. I have two that I'm currently working with in two different counties, both investors themselves. The way it has been working is they essentially set me up to get the automated emails of properties that hit the MLS that fit my criteria, but it's basically up to me at that point to tell them which ones I want to make an offer on, how much, etc. They do give me comps when requested, but that's basically the extent of it. I guess I'm not really seeing the value add here, which has prompted me to just go ahead and get licensed myself - since I'm already doing everything, I might as well get the commissions.

I am truly not trying to offend the realtors out there, I know you guys bring a lot to the table, that's why I'm not sure if I am supposed to be expecting more from them or if this is typical? They both know what our RE goals are. I also get that we are new to the game, and when given a great deal they will probably go to their other investors first (especially the flippers so that they can get the buy and the sell commissions) or just keep the property themselves.. but I guess I'm wondering if they should be doing more than just sending us automated emails and comps when asked? Or maybe it's just going to be a matter of us continuing to build relationships and connections in the community to gain credibility?

Appreciate any insight.   **PS I do not have a written agreement with either one. Neither asked me for one.

[Jay Hinrichs]

not all agents can buy all great deals all the time there is a limit to what agents can buy given their financial capacity.

so that is not somethign to worry about and I don't beleive its the norm.  does it happen sure its human nature.

what is it exactly that you think is lacking .. this is how real estate is done these days.. auto alerts.. clients run by the home or property get with agent tell them to write it up and docusigns are done..

the hot sheet in our market comes out at 3am.. I know agents that are up at 4am to get a head start.. if its competitve then you need to compete.. 

Is it you want the agents to do your due diligence for you and underwrite the deal before they send it to you. ??

Commerical brokers do this in the form of their flyers and blue sky profroma's. you still have to do YOUR OWN due diligence.

but once your licensed you will get a good feel..  Plus you have to remember and not saying you are at all.. but there are so many folks that say they are investors who have no capacity to invest and will think nothing of wasting an agents time by the hours with no hope of buying anything but a cup of starbucks they expect the agent to pay for..