All Forum Posts by: Matt Lowery

Where are most of the core people that you are going to rely on as clients, or to refer you clients? What area do you know the best, also, which broker/company are you wanting to work through?

@Chris Nance How are things going on this? Any progress?

It sounds like a tough situation. I see it's listed for $170,000, what kind of response are you getting and feedback from your agent? The listing I saw only had four exterior photos. Why no interior pictures? 

Are you firm on the KC MO market? I'm in a small college town South of there and working on putting together a list of potential investors that want to be contacted with deal analysis as I put them together. I'm an appraiser/Realtor focusing mostly on investment properties when working Real Estate. My brokerage is in the KC area with 300+ agents, so I could certainly find you some quality agents to interview if you're set on KC MO.

Welcome Erick! The good news is that you're here, so you've already started.I agree with Victoria's advice. Kansas has a first time home buyer grant that can cover all of your down payment on an FHA, sometimes more. Send me a message and maybe we can get together and talk about what you're wanting to do. I'm starting to do a little more over the next couple weeks in our area, so maybe there's a good fit to work together.

@Brandon Proctor No worries. I've not been paying attention to BP website, but still listening to podcasts, the last couple months. I was actually fortunate enough to find an appraiser out of Lenexa to take me on as a trainee and set up Emporia as my market area. I started contacting people that are listed on the Appraisal Institute website and found a few more receptive people than before. Having several years as a Realtor seemed to help. So, only two more years until I can apply for my license now, but at least I was able to get started finally.

I want to come to this too, but can't be up there in time today. Who has a lead on a dirt cheap apartment for me in the KC area? With all the meetups, plus training sessions at my appraiser office in Lenexa & real estate office in Olathe, it may be cheaper than gas.

I had previously posted this in the Kansas Forum, but there's no activity on that board.

I'm curious if anyone here has a real estate appraiser license. I'm certain it's the direction I want to take my career while building wealth through the BRRR and Rehab & Resell. My smaller market area already needs one or two more appraisers and two of the other three are already in their late 60's.

The state board freely admits they have a problem with the licensing process that is going to make a massive state-wide shortage, because licensees must spend at least a year under another appraiser. The local appraisers won't take me on, because they don't want the responsibility while training future competition. I wouldn't have an issue relocating or (preferably) commuting for a year, then returning to my market. My problem I'm running into is finding how I can offer value to an appraiser to take me on. I have approached a few non locals, with almost no response, although I'm sure my experience as a Realtor and rehabbing a few homes would make my highly competent and a quick study.

Anybody here have any ideas? This is something I really want.

I like working with informed, self motivated and legitimate investors. But, that's the same as any other type of buyer. A very small percentage of the people I field calls from actually end up buying anything. I wish there was a science to vetting buyers, but only flags that can be used as cues when someones wasting their time.

If I were buying something out of state and needed to find an agent, here's what I'd look for. I'd find the most productive office I could, then pick an agent from it that had 18-24 months experience. Explain to them my strategy, what I'm looking for and how often I want them to check in if no matches are coming up. I'd know that agent was around "hitters" and was seeing a lot of properties before they hit the MLS, but still needed to build their client list that my needs are a high priority and I come to mind first.

Just keep in mind that the idea of lowballing isn't very common anymore, every home has a value and the amount of information available has changed the industry a lot. You're not looking for a steal, you're looking for something that fits your parameters and most listing agents aren't going to let their clients get hammered. I've had a lot of lowball offers come in to my clients, they're usually upset and less likely to negotiate, I also tell them that if they would take something that low, I'd like a chance to speak with some of my investors and I'll cut my 6% commission a little in appreciation.

I'd like to begin transitioning my business as an agent to use my license primarily for investors, rather than residential sales, while I work towards my appraisal license (if I can ever find an appraiser to take me as a trainee) while building financial freedom with a good personal property portfolio. I "get" investors mindsets, goals, we already speak the same language and I like working with informed and motivated people (plus it's just fun work!), I'd like to push up into the Kansas City and Lawrence markets.

I'd like to know directly from investors what makes an agent desirable to them specifically for acquiring investment property, as opposed to the everyday agent you can find wandering the streets.