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Updated over 1 year ago,
Realtor working with Investor talking to Home Owners
Hello,
I am a fairly new real estate agent and want to get started in the real estate investing world as well but I just need some advice going in. I recently got connected with a local investor and he let me know to find him properties that needed fixing up or are distressed and to connect him with those properties for him to purchase which is great. I know that I need to obviously get connected with the home owners of these types of properties and give them the right pitch to want to work with me to get the home off their hands and money in their pockets. I am also aware that the re-sell value of the home is very important and needs to be taken into consideration when thinking about giving the home information off to my investor. Items like- location, condition, surrounding homes, crime rate in the area, home prices of surrounding homes need to be thought of. I am eager to get started but I feel like I am either missing something on what to look for and are unsure exactly what to say to those homeowners to get them interested in selling? How should I handle the relationships in these transactions as well, if the seller is willing to have me represent them and pay my commissions then great but if they don't want that and just want me to provide a buyer then should I charge my investor a buyers agency fee for finding them the deal? Any feedback on these questions would be greatly appreciated, hope to learn more on this and get after it.