This entry treats the buyer's agent role specialized for investor clients: a licensed agent who represents real estate investors as buyers, helping them find, evaluate, and acquire investment properties, earning commission on the purchases.
Log in to followGot a package on a four-plex from an agent I've been talking to about representation. The listing sheet shows $3,400 a month gross. The leases she forwarded add up to $3,050, and…
I move slowly and I've spent about four months interviewing agents before committing to one. Down to two and I've hit something I don't know how to weigh. Agent A: eleven years, w…
My agent asked what the top of my budget is. I said $260k and my actual ceiling is closer to $310k on the right building. I held back because I've watched a friend get walked stea…
I'm mostly on the paper side and still working out what I'm doing, so bear with the framing. I've got an agent lined up because I want to buy two or three actual houses instead of…
My plan is one small property, hold it, then reassess in a couple of years. Everything I read about investor-focused buyer's agents assumes the client is buying repeatedly and tre…
Looking at a small rental as a first purchase and I want the whole cash number before I go further. I've got the down payment and closing costs sketched out but the agent fee is c…
I read the buyer-broker agreement an agent sent me before I signed anything, which apparently makes me unusual. Three clauses I want plain-language help on, because I'm coming at…
I've got money set aside for a first small multifamily and I've now interviewed two agents who both call themselves investor focused. The first one brought me three properties tha…
What I usually do with a prospective buyer's agent is hand them a live listing and say tell me what you'd offer and how you got there. If they come back with rent comps I can trac…
I came off the trades side and got my license last spring, mostly because I was tired of doing free scope estimates for guys who then bought the house through somebody else. First…
Third rental and the deals I want aren't showing up on the MLS anymore, so I went looking for an agent who works with investors. The one I like sent an exclusive buyer-broker agre…
I'm setting up to work with investor buyers once my license clears and I've been reading sample buyer-broker agreements to see what I'd actually be asking someone to sign. The one…
I've been doing trim and cabinet work for a guy who flips maybe six houses a year. Last week he said if I find him anything off market he'll pay me for it, and he mentioned wantin…
I've been buying and holding raw land on my own and a couple of people I know keep asking me to look at parcels for them. Rather than doing it for free I'm thinking about getting…
Structure was a 2,500 monthly retainer, creditable against commission at closing, non-refundable if nothing closed. Twelve month term, which I talked down to four. He pitched it a…
Agent sent me his buyer agreement to sign before he'll show me anything. Six month term, exclusive, covers all residential purchases in two counties. I asked whether he'd do a ver…
I've been on job sites for eleven years, so I can read a house. What I can't read is a purchase contract, and that's the whole reason I'm looking at agents at all. Two choices in…
Zero deals before this one, so treat everything below as a beginner reporting back. I signed a written buyer agreement with an agent who works mostly with small landlords. Her fee…
I'm after one or two rentals I don't have to touch, so I've been talking to an agent who says he gets turnkey properties with tenants already in place before they hit the market.…
I'm building out a pipeline of small multifamily this year, target 12 closings, average price around $260k. At 2.5% buyer-side that's roughly $78k in fees. The agent I want to use…