All Forum Posts by: Henry Hill

@Odie Ayaga thanks for keeping me in the loop!

Thank you @Anthony Palmiotto!

@Mike Cumbie I agree... and I suppose 30 minutes isn't too far away. I appreciate your input!

Pocket listings, etc. are great points @Cara Lonsdale. For now, I am definitely focused only on my target area. I appreciate your input :-)

Thank you @Nate Burgher for your input! Valid points, for sure. That's what I have been thinking as well. Just seems like common sense logic to have someone active in your area on your team. I'm grateful for his willingness to assist me, but the more I think about it (and learn more about real estate investing), the more I lean toward working with a local agent.

Thanks, again, for sharing.

Hello again BP universe!!! I thought I might gather suggestions/opinions on using a local vs non-local real estate agent for acquiring (and listing) investment property.

As a new investor, I have been introduced to a non-local real estate broker/agent through a mutual mortgage-broker connection because the RE broker/agent is also a RE investor himself. This broker/agent immediately set me up with a daily recurring emailed property search-report based on my investment criteria (although, there hasn't yet been a property on his automated report that I haven't already viewed or previously marked using Zillow, Redfin, etc.). However, the RE broker/agent hasn't represented any clients/properties in my target area for what seems to be a couple of years now (or perhaps even a few years). The broker/agent's primary listing area is about 30 minutes from my target area.

On the other hand, I am aware of another RE agent that has worked with local investors and sold properties in my target area within the last 12 months (and for the highest of returns, I might add).

If, in terms of function, all agents are created equal, would there not be an advantage to working with an agent who is active in your target area vs an otherwise capable agent (in terms of function) whom isn't / hasn't been active in your target area for some time?

Thanks in advance for all input.

Best,
Henry

@Shiloh Lundahl yeah it is a great discussion. I appreciate your insight and joining the conversation.

@Adam Schneider you, along with @Jon Holdman, mentioned the importance of understanding lien position as a PL.

Would it be better to partner on a deal as an equity investor, as opposed to being a passive private lender, to avoid an unfavorable lien position (assuming another lender would take first position)?