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Updated over 4 years ago on . Most recent reply
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What exactly are investors looking for in an agent?
I am trying to further help my clients and understand how I can make every part of the investing process easier for them.
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Dan H.
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Originally posted by @Maddison Gobble:
I am trying to further help my clients and understand how I can make every part of the investing process easier for them.
My list:
- An agent that is an investor
- An agent that understands rental expenses. They at least know what the 50% rule is.
An agent that is aware what sort of rent to cost is likely to be cash positive. They should know the concept behind the 1% rule. In San Diego, I believe 0.75% works fine.
An agent that has top tier network to recommend (BRRRR book states rockstars associate with rockstars) - An agent that understands why the 75% rule is so helpful for BRRRR. Why a BRRRR is less than ideal in the 75% is not achieved.
- Icing on the cake, an agent that can see non-obvious value adds. Examples: under utilized zoning, out of the ordinary max height limitation, sub divide of lot potential. It goes without saying that such a person would see the obvious rehab and ADU value add potential.
Good luck