BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 1 year ago on . Most recent reply
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Finding Realtors for BRRRR Deals
I'm looking to start my investment journey in Memphis, TN as an out of state investor. I chose Memphis because I have family there and more specifically, I have family there that is in the general contracting business. Over the last few months, I've been able to secure funding and have have found a couple of deals via the MLS that I wanted to pursue. On the first occasion, I reached out to a realtor recommended by a family member but was not able to get consistent engagement and the home that I was interested in purchasing went contingent before anyone could even get out to see it. Recently, I found another deal but this time I reached out to a realtor that I found on the Bigger Pockets "Build Your Team" page but due to lack of engagement again that deal has also gone contingent before any action could be taken. I presume that I am having this issue because the commissions that the agents would make on my proposed deals will be low versus what they can probably get by working with other clients. Does anyone have any advise on how to get an agent that can help with BRRRR deals? Is there a certain strategy that I should be employing?
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@Adrian Webb Realtors who are doing deals AND have a professional team really does help when you're looking to move quickly on deals and make offers. Agent finder helped me but also look for agents that are closing deals and also work with investors. Don't settle for the friend of a friend who is really just a part time agent or isn't serious. We investors are demanding and are looking to hustle - we need agents who do the same.