How to Find an Investor-Friendly Real Estate Agent

Real estate investing requires a strong partnership with an experienced and investor-friendly real estate agent. This article outlines the steps you need to take to find such an agent, including the types of agents to look for, appropriate methods for contacting them, and how to ensure a successful partnership.

Identifying the Right Agent

Not all real estate agents are created equal when it comes to working with investors. Finding the right partner requires identifying an agent who has experience in the type of properties you are interested in. Whether you are looking at condos, single-family homes, apartment buildings, commercial properties, industrial buildings, or land, the right real estate agent will have a deep understanding of these markets.

Potential Sources for Investor-Friendly Agents

Here are some strategies to help you find an investor-friendly real estate agent:

Property Managers

Property managers often have a comprehensive understanding of what it takes to make a property a profitable investment. If an agent is willing to manage a property for an owner, they are likely to have the skills and experience to make it a valuable investment. This can be a good sign that they may be open to working with new clients.

Agents at Auctions

Auction agents are often themselves investors, and they are usually looking for investor partners. Auction environments provide unique opportunities for real estate investors, and an agent in this context can offer valuable insights and connections.

Realtors Listing Rehabbed Properties

Agents who are already working with established investors are often open to working with new entries in the field. Rehabbed properties provide a range of investment opportunities, and agents who specialize in this area often have a network of experienced investors whom they can connect you to.

Methods and Considerations for Contacting Agents

While these are likely to be the best sources for an investor-friendly real estate agent, many agents may not be responsive without a warm introduction or until you demonstrate substantial capital and genuine interest in the investment.

Turning Off a Good Investor Agent

It's important to be mindful of the types of requests that can turn off a potential investor-friendly real estate agent, such as:

Unreasonable demands for all off-market deals with high profit margins Promises of deals requiring minimal investment with less than 200K available Requests to make low-ball offers

Real estate investing is a long-term process that requires patience and perseverance. A good investor agent will guide you through the process, ensuring that each deal has a solid chance of providing good returns, even if it means working hard to avoid less desirable opportunities.

Support Systems for Real Estate Investors

Promoting a healthy relationship with an investor-friendly real estate agent goes hand in hand with having the right support systems in place. Here are some additional resources to consider:

Property Management Companies

Property management companies are a great source of referrals and can provide you with a network of experienced agents. In addition, some property management companies are full-service brokers that also manage properties, offering you access to a wealth of knowledge and experience in investor real estate.

Realtors Who Are Investors Themselves

Realtors who have invested in the properties you are interested in can provide invaluable insights. Their experience can help you navigate the market and make informed decisions.

Real Estate Investing Social Network

The Real Estate Investing Social Network is an excellent resource for gathering free information on real estate investing in all forms. It is a community where you can connect with other investors, learn from their experiences, and gain valuable insights into the real estate market.

By following these steps and utilizing these resources, you can find the right real estate agent to support your investment goals. Good luck!