All Forum Posts by: Evan Conner

Quote from @Blake Ramsey:

Hey everyone, my name's Blake and I'm an Aerospace Engineering student out of Springfield, Mo. I'm not an investor quite yet, but I am familiar with REI.

I know the saying “time in the market is better than timing the market,” but is that always true? I know it’s probably not ALWAYS true, so what are some signs, statistics, and metrics I should keep an eye out for that might make me want to wait a couple of months before closing on a deal?

Hi Blake!I am an agent here in Springfield. If you aren't already working with an agent and you would like to grab coffee and chat about REI I would be happy to! I could go over some local market statistics with you as well that might better answer your questions here. Feel free to reach out.

As both other comments have stated, it is important to find a Realtor that is knowledgeable about the investment strategies that you're planning to use. If you have a bad agent, which there are plenty, they can make for as much headache as they do help. All of that being said.. the value a good, investment minded agent can bring to you is unfathomable. As a buyer you should not pay any commission so as far as "chasing" such commission, that won't affect you unless you buy a bad deal that they send you(?) but that would be your fault as the investor in my mind. Trying to tackle a contract when you don't know what you're dealing with is one of the worst things you can do, in my opinion. Good luck!  

Hello!

I am a Realtor that has taken on a listing in a fairly rural town in SW Missouri and have some questions. The land is in a prime location for either commercial or (best use, in my opinion) a subdivision. The town that it is located in has a dire need for "affordable" housing and the city has even created some incentives for builders that build such houses, $200,000 and under. As of now, the land is zoned agricultural but as stated above the city would be happy to re-zone if such houses were going to take its place. As the agent, I wonder if asking my clients to begin the rezoning process would be necessary if you were looking to buy to develop? I don't have much knowledge from that standpoint, just looking for advice. Now... to the investor side! Has anyone purchased land (this is 35 acres) and subdivided it to flip the lots? Is that lucrative or worth the headache that comes along with it? The property itself is as desirable of a location that has been available in the town for quite some time, as well. I appreciate any insight and I'm happy to go over the details further if you or someone you know is interested in a property like this!