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
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x

Posted over 4 years ago

How I picked my Indy based TEAM

I picked Indy, THEN picked my team. I did as much tele-house hunting as I could - using Google Street View, Zillow, etc - then lined up a weekend trip to "interview" realtors. I posted in the Indianapolis Investors forum and asked for recommendations on a realtor.  Out of 3 realtor referrals from BP (here), I setup appointments to see them in-Indy.  I picked out three (3x) addresses for each realtor - properties I thought looked interesting as picked from the MLS/Zillow listings.  With one trick: there was a COMMON HOUSE - a house I'd looked at A LOT on-line, I assigned this house to ALL THREE REALTORS so each could show it to me, and I would note the way they showed it, their feedback, and style.  I also asked them to bring along recommendations for other properties THEY thought might be in my 'wheelhouse' based on the one's I gave them.

Results: First realtor was on his phone most of the time, and was more interested in getting a sale than in the needs of a RE investor / property manager. Second realtor was more investor-centric - giving feedback on what new windows would cost, and an average of what renovation costs would be overall with contractors and whether his team could do the work. His company also did Property Management work for $50/per-door per-month (which STILL sounds good to me). Third realtor didn't register much as he was disinterested in showing me houses, and said he would have to go to another appointment after the 'common' house. He didn't try to setup another time later, or anything that seemed like someone who wanted to help an investor find a RE 'match'. 

Erom the 'common' house, I got much better feedback from Realtor2 who showed the attic space in the house that was NOT CALLED OUT IN THE LISTING, and I had NEVER NOTICED even after walking the property with one other realtor!  There was potentially an entire additional FLOOR of livable space that the two other realtors (and I) completely MISSED.  In the end, I chose Realtor #2, got references from some of his other investor clients, and ended up buying my 1st deal through him - a property HE brought to the table, and has turned out to be one of my best duplexes.

Since that time, through Cory, and other people I've met on-line and in-person, I've built a team of financial, insurance, and contractor professionals (electrician, plumber, handyman, etc) who can handle any issues I can't resolve myself.

Realtor reference: Cory Robinson @ City Place Indy. https://www.biggerpockets.com/...



Comments