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Updated almost 8 years ago on . Most recent reply
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Looking for investor friendly real estate agent
I'm looking for an investor friendly real estate agent in Hudson county, NJ. I'm looking for a small multifamily (2, 3, 4) property in Union City, The Heights, Journal Square and/or other places for cash flow purposes. Not really looking for a quick flip but rather building long term buy-and-hold portfolio,
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If you have time, I would see if you could hit a few investor or real estate meet ups in the area. Talk to the people who are actual investors (not wannabe investors) and find out who they like and who they use. There are a ton a agents who say they are investor friendly but have no clue how to present a deal the way an investor needs to see a deal. I constantly have to train agent how to present properties to me and what I have to see.
They'll be happy to pass along new business to their broker so getting names will not be hard. If you can't make a meet up, go to the meet up webpage and find the investors and send them a message. While not as effective as a face to face I've gotten go leads doing this when I'm in areas where they don't meet frequently or I'm there between meetings.
You can also look for realtors who are selling the type of property you're interested in buying, go to their personal website and see if they are selling a number of investment homes or if that was just a one and off. If they have more than a few of their own investment listings then most likely that's their specialty. Give them a call and don't be afraid to ask for references. Also tell them what you bring to the table as far as credit, cash and investors to get a deal done. That way they will feel more comfortable working with you since you both do not know each other, transparency and complete honesty is paramount.
I hope this helps.