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Updated over 8 years ago on . Most recent reply

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Michael Kim
  • Irvine, CA
4
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29
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Investor friendly Real estate agents

Michael Kim
  • Irvine, CA
Posted

when people talk about investor friendly agents what do they mean exactly?  

Besides knowing what investors want and need, what else would you expect from them?  Discounts on commissions?  Connections to contractors and property managers?  Ability to find off market deals?   Etc etc?   Thanks.  

Most Popular Reply

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833
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Andrew Davis
  • Investor
  • Asheville, NC
499
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833
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Andrew Davis
  • Investor
  • Asheville, NC
Replied

@Michael Kim, I think all those things you mentioned are good things to look for in an investor friendly agent.

I've interacted with a lot of retail, or end buyer agents, who simply don't want to work with investors.  As @Kris Mcfarlane pointed out, or I guess as @Taylor McMullen pointed out, working with an investor can be quite difficult. The numbers have to work, so oftentimes several offers, if not more, get rejected before you actually land a deal. Then you have to consider, especially if you're working with a buy and hold investor, that you're going to be looking at lower price point properties, generally $150k or less. So on average, your commissions are going to be less than when working with a retail buyer who's looking at higher price points and isn't considering factors like COC return, the 50% rule, etc...

I, personally, would never expect an investor friendly agent to discount their commission, at least on the purchase side.  We definitely earn it.

I have offered discounted, or limited service listings to my investor clients when they get ready to sell their flips.

Just my $.02.

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