An investor-friendly agent is a licensed real estate agent who specializes in working with investor clients, people buying property for income or profit rather than to occupy.
Log in to followMostly reading about notes so this is adjacent to my lane, but I'm looking at buying one small rental to understand the asset side, and I've hit something confusing. Everything I…
Under contract on 22.4 acres at $410k, 90 day due diligence, $15k goes hard at day 30. Front 6 acres are zoned for two-unit residential, the back 16 are agricultural with a split…
Four agents have sent me an investment summary in the past year. Every one of them had the same three problems. Vacancy at 5%, which is a number people type rather than a number t…
I've been doing passive positions for a while and I do a lot of due diligence on sponsors, so I'm comfortable with the paperwork side. What I've never done is buy a property direc…
Buying in a rural county where the houses I want are $38k to $72k. Rents run $675 to $850 and they hold, tenancies here average longer than anything I've seen in a metro. The math…
The same argument keeps coming at me from two directions when I read about how private capital moves, so I'd rather ask than keep guessing. One side says a specialist earns their…
Four deals in, and every agent I interview says they work with investors. Then I ask what cap rate the last small multifamily in the submarket traded at and I get a blank. I've st…
Second call with an agent who says she works with investors. Ten minutes in she asked what my buy box is and I said something about "good deals in decent areas" and heard myself s…
Ran the arithmetic on three years of my own buy-side spend and the percentage structure looks harder to defend the bigger the deal gets. On a $180k rental, 2.5% is $4,500 and the…
Construction is my background, investing is not, so I'm the guy who trusts a scope of work and distrusts a comp. Property is a 1,400 square foot 3/2 in a decent submarket. Agent's…
Taking apart a T-12 is the easy part for me, but I have never had an actual agent relationship and it shows. I called four agents in a market I want to buy small multifamily in. T…
Six units across two small buildings, self-managed, and I'm on my third agent in four years. None of them were bad people. They just didn't understand what I was buying. So I star…
Wrote this up because it was avoidable and I didn't avoid it. We run a small service business on the maintenance side and I've been trying to get onto the ownership side for a whi…
Coming off a 1950s three bed I bought at $186k from a seller she found through a property manager she knows. Nothing on MLS, no competing offers, and she took a reduced buy-side f…
Six months into a relationship with an agent who bills himself as investor-focused. I gave him a written screen: max purchase 180k, 8.5% cap on trailing actuals, 1.25 DSCR at 7.25…
Bought a 1958 three bed, one and a half bath, 1,340 square feet, at $158k. Agent's ARV was $265k, backed by three comps she sent in a one page PDF. Sold at $232k after 152 days on…
I've been working with an agent who genuinely knows investment numbers. She runs comps, she understands ARV, she's brought me two pocket listings from her wholesaler contacts. No…
Agent I've been circling for six months finally sent the paperwork. Exclusive buyer representation, 12 months, county-wide, all residential 1-4 unit. Compensation is 2.5% of purch…
Framing background, so what I have to offer an agent isn't capital, it's the ability to stand in a basement and tell her within ten percent what the repairs cost. Started doing th…
I said yes on the call like I knew, then googled it after. I think it just means what kind of property I want? But every example I find online is a spreadsheet with a dozen rows a…