New agent approached by investors

[Tony Stone]

Hello biggerpockets family. My friend is a new real estate agent who hasn't closed her first deal yet. Today, through a mutual friend, she was introduced to a gentleman who is part of an investment group. He informed her that his group is looking to buy and flip properties in her city and they need a good real estate agent with connections with contractors, lenders, etc. She has no experience dealing with investors obviously, as she is a new real estate agent. I've already suggested that she go on biggerpockets and seek out agents in her city that specialize in flips or rehab properties. Is there any other advice you can give me that I could share with her? Especially about her fear of another more experienced agent stealing her potential clients. Thank you

[James Wise]

Originally posted by @Tony Stone:

Hello biggerpockets family. My friend is a new real estate agent who hasn't closed her first deal yet. Today, through a mutual friend, she was introduced to a gentleman who is part of an investment group. He informed her that his group is looking to buy and flip properties in her city and they need a good real estate agent with connections with contractors, lenders, etc. She has no experience dealing with investors obviously, as she is a new real estate agent. I've already suggested that she go on biggerpockets and seek out agents in her city that specialize in flips or rehab properties. Is there any other advice you can give me that I could share with her? Especially about her fear of another more experienced agent stealing her potential clients. Thank you

 Well 1st thing to note is this isn't special. Schmo's like this are a dime a dozen. What many new agents don't know yet is that they will be approached by guys like this 100's of times in their career. The majority of the time they are a major time suck that doesn't lead anywhere, especially if the agent isn't equipped to handle what they need, or at least think they need.

What she needs to do is get some training under her belt and come up with what exactly it is she wants to do in the business. Dealing with investors is nothing like dealing with home owners. So she needs to figure out what her niche is and then focus on that. Trying to do everything will lead to her being a below average professional in everything she tries to do.