How To Find “Real Estate Investing Savvy” Agents To Bring You Deals

Do you have real estate agents bringing you profitable deals every month? If not, why not?

Networking with real estate agents is a great way to create an ongoing stream of deals.

Most agents don’t have a clue when it comes to real estate investing. They just don’t understand how to correctly evaluate and analyze properties.

When you come across one who does, who is willing to bring deals your way, it can be a huge benefit to your business and add tens or hundreds of thousands to your revenue each year.

You really have 2 options:

• Find an agent that currently invests in real estate and understands how to identify good deals.

• Find an agent who is coachable and willing to learn how to properly evaluate, analyze and identify potential deals.

Many agents that do not understand how to identify good deals will email you all kinds of junk for you to look through.

This can be a huge waste of your time. These agents need to know exactly what you are looking for including:

• Price Range

• Target areas

• Beds, Baths, square foot range

What To Look For In An Agent

Your agent needs to understand how to analyze a potential deal and calculate a pretty accurate return on investment to know if it would fit your criteria.

For example, if you need to make a minimum of a 12% return your agent needs to know how to run the numbers to determine if it is possible before they send listings your way.

They need to have a basic understanding of calculating repair estimates, closing costs, holding costs, after repaired value and returns.

The ideal agent will also be open to making a good deal of offers. It can take a large amount of offers to get one accepted.

They must be able to handle rejection and even some negative feedback from other agents. Some agents will get offended at low offers.

They take it personally even though that is just the nature of the beast.

On the Flip Side

Agents are going to want to know that you can perform. They don’t want to waste their time either.

When you are first starting out I would suggest that you find a somewhat newer agent that is a go getter.

I don’t suggest that you shoot straight for the top veteran agents out there.

They will not be willing to dedicate much time to bringing you deals unless you can prove that you are able to perform.

These are seasoned investors who have more than likely dealt with newbies before and probably a handful that wasted their time.

Talk With a Handful of Agents

You may need to contact 5,10, 20 agents before you find one that you really connect with.

You can ask other investors if they can recommend a solid investor friendly agent.

Networking at Real Estate Investment Clubs is a great way as well. There are often many investor friendly agents there networking as well.

Just keep in mind, as you are sizing up agents they will also be sizing you up.

Continue to reach out and connect with agents until you find one that really resonates with you and would be a great fit. You will be glad you did.

Here's to your success!