OfflineHello everyone
First Agent
I called a real estate Agent today and i told the agent what Matt Larson said "I am a real estate investor and i am looking to buy fix and sell a single family home in this area and i want to be able to turn a profit between $20,000 and 25,000" The agent said to me "that isn't possible in today market we might be able to do 15,000" i need an opinion on this Agent do anyone thinks he can get the job done?
Second Agent...
I called the second agent "I am a real estate investor and i am looking to buy fix and sell" she asked "what is an investor" i said it's a person that invest in properties" she said "ok i work with investor" and started to tell me a little about herself then said "you can buy a house live in it for about two years back door and sell it". She was telling me good areas to invest in, and then asked for my number so we can talk more
My husband and i talked about the Agents and we could not come to a conclusion we need feed back on the situation should we keep looking for a better Agent? or Settle for one of the agents?
personal experience than me, but I think you approached the first agent with a naive, pie in the sky goal. You gave him/her no specifics on how you are gonna do it. Their time is valuable, and they have heard this stuff before, so get your game plan down, look in the mirrow and learn how to present it.
Secounds like the second agent didnt really understand your plan either. If you are not sure of what you are gonna do, how do expect agents to know? I know you guys can do it, just work on your plan specifics and your presenataion.
Steve
We seldom get what we want, but we will always get what we expect.
If I was you,I would use the first one cuz they are the ones that said you can make at lease $15k..Sounds like they might know what they are doing..Try them first,But always keep looking just in case
I feel that you need to have an investment PLAN that you are able to execute, before you talk to an agent. When you talk to the agent, be prepared to answer the basic questions. 1.What type of property? 2.what location? 3.what price range? 4.are you willing to make extensive repairs? 5.how will you pay for it? and 6.can you show that purchase funds are available? If you are prepared with answers, and can talk intellegently about your plan, you will find agents that will work with you. Do not have the attitude that the agent is working for you. If they were working for you, you would be paying them for their time. They only get paid if a deal is successfully closed. They may work many hours, and receive no compensation at all.
It sounds to me like the agents that you spoke with were inexperienced. If you deal with one of these, you will be teaching them about investing. A good experianced agent can be a huge help with your investing career, but if you can not convince them that you know what you are doing, they will probably walk away and you will be left with an inexperienced agent.
Wish you success, Al
"NOW GO FIND A DEAL"
Watch your thoughts; They become words,
Watch your words; They become actions,
Watch your actions; They become habits,
Watch your habits; They become character,
Watch your character, it becomes your destiny.
Frank Outlaw
my agent asked me for a letter from the bank conferming i had enough cash in my account to make the offer, and then i could only offer that much at one time