Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

14
Posts
11
Votes
Matt L.
  • Tacoma, WA
11
Votes |
14
Posts

Realtors and starting out

Matt L.
  • Tacoma, WA
Posted
Hello BP regulars! I am starting out in REI and would like a few opinions on Realtors for starting out. I am hoping to buy a few properties to begin with (buy/rent/hold), and I need to meet a minimum cashflow (more specifically, a cash on cash roi). So, for a newbie starting out, how do you feel about putting your realtor in the drivers seat with selecting the neighborhood/market and analyzing the deals? I have a concern that a potential realtor, which has no social/referral connection to me and my social circle, may make favorable assumptions regarding vacancy, capex, location, etc. (or any other assumptions that require experience) in order to meet the ROI numbers I require, and bag the commission. Or put into other words, to make the deal look better on paper that it actually is. Is this a valid concern? I am worried that if I do not get the first couple deals right it could seriously de-rail my long term plans. Any advice on how to mitigate these concerns/risks?

Loading replies...