Why Investor friendly Real Estate Agents?

Question

I see lots of post on Investors Friendly Realtors request from investors. First of all, do search the forum before posting it. That's general common sense to avoid duplicate post of the same thing and you will also find old post with great sources as times.

It's good to see Investor specifically seeking for Investor friendly Real Estate agents. But when someone contacts you or pings you back, how do you know they are really Realtor friendly?

Do you have criteria or questions to ask them to filter through?

What's your main purpose and goal in looking for one?

I would say, if you don't have one define them and make sure you vet them out. There are 37,000 agents in Houston market and everyone is looking for good client to make their next deal. It's up to you to filter out the right one to cater to your need. Whether they are talking investor language, offering faster service instead making you wait 2 days to make an offer while the offer is already gone. Whether they have access to NON MLS properties? Whether they know how structuring rental portfolio works etc., There is so much when it comes to Investor friendly instead of just saving few bucks.

Think about it and make the right choice when you decide to work with your Realtor who can help break or make your passive portfolio dream.

Mark Sewell · Answer

I just did a flip, and I was considering going through REDFIN when it came time to sell it. The lady next door is an agent and she made no secret she was interested in the listing when the project was ready. She asked me why and asked if she would make her pitch. Of course, I agreed to hear her out and consider, where could she add value. REDFIN was cheaper on the fees, but she was willing to pay for unlimited professional photos (vs. a limited number) and she paid for all the staging (REDFIN strongly recommends you do the staging, but you gotta pay for it). So once I determined that the actual dollar savings were minimal, or even a wash, I just decided to go with the realtor lady.She sold it $15K over our ARV. The staging worked well.Now, on the buyer side, it is unlikely I'll ever work with an agent because those deals just generally don't close on the MLS, but it is possible.

James Wise · Answer

As an Agent your entire job is to find NON MLS properties. That's how they get on the MLS. We put them there, lol. The real question is as an agent why in the world would you sell it to an investor before giving it it's full exposure on the MLS? That would be a disservice to the seller, who after all is more important to your career success than any buyer. #ListersLast

Russell Brazil · Answer

When someone reaches out to me and asks fornan "investor friendly" agent....that indicates to me that person will likely never close a deal. Real investors never look for "investor friendly insert profession"

Jesse Mao · Answer

There are always discussions on FB regarding what it means to be "investor friendly". People constantly post on FB asking for investor friendly handyman, investor friendly PM, investor friendly mortgage broker, investor friendly electrician, investor friendly foundation company, etc.., it means just one thing to those who ask the question, that is "Cheap".

Vijaianand Thirunageswaram · Answer

Great blog post! Love it.. @Brandon L. Thanks for posting to give others better understanding on this topic

Dave Chapa · Answer

@Brandon L. Good blog post, thanks for re-posting!

Brandon L. · Answer

@Vijaianand Thirunageswaram I wrote a blog post on the subject. I think it means different things to different people, and to someone starting out it might not mean anything at all because you don't know what you don't know what you don't knowhttps://www.biggerpockets.com/blogs/5868/52724-im-...

Dave Chapa · Answer

When I see the words "Investor Friendly" I think of a RE that knows and understands investors and investment properties. Usually, they themselves have rental properties and understand what you are looking for in investment properties. I don't use those words when I reach out to REA, I always tell them, if you bring me a deal that works, I'll buy. I have a real estate agent I have used over the years to sell and buy my personal homes. I have bought 3 and sold 2 over the years with her. However, I would not use her for investment properties because it's not one of her strong points. Nor does she have time. She is selling and buying high $$ homes. The owner of the management company I use is my go to when chasing rentals, they work with a large numbers of investors and can bring me deals or chase down potential deals. They can also quickly sell any of my properties if I want to 1031 to a larger one. However, I will work with anyone that can bring me the deal.

James Wise · Answer

lol, bruh. You are missing the point. You are simply making it harder on yourself to excel at your job. Your job is marketing. You are choosing to market less.....This is a bad idea..............If all the other Realtors on your MLS aren't putting these properties on the MLS because nobody else does that should be an even BIGGER incentive for you to put them on the MLS. Some investor who wants to dump his properties may notice that the only guy listing these types of properties is you.When marketing it's NEVER a good idea to whisper.

Mike Cumbie · Answer

"You cannot list these properties in MLS because they cannot qualify for the financing and regular client."Our MLS has a place to put in type of financing available. Where on those properties you put "Cash - Cash Only" and that solves that issue.