| If you invest in real estate it is worth | | | | and any issues with financing that you might |
| trying to find a good estate agent. | | | | have. |
| | | | |
| A real estate agent is one of the most useful | | | | If you are an investor that primarily works |
| resources for a real estate investor. | | | | with properties that you can fix and flip, |
| | | | you need to let your real estate agent know |
| An agent's job hinges on being knowledgeable | | | | the kind of "fixing" you prefer to do with |
| about the real estate market. This knowledge | | | | your property. You might only want to do |
| includes property that is available for | | | | light repairs such as painting, replacing |
| purchase, the exact thing a real estate | | | | fixtures, etc. Perhaps, you are not one that |
| investor is looking for. | | | | shies away from houses that need extensive |
| | | | repairs like plumbing or foundation repairs. |
| When you are working with a real estate | | | | It is important to let your real estate agent |
| agent, it is important that you get him or | | | | know these criteria as well. |
| her to understand that you are not the | | | | |
| typical buyer or seller. Most real estate | | | | Keep in mind that real estate agents are paid |
| agents, if they have worked with investors | | | | commission based on the price of the |
| previously, will already be aware of this. | | | | property. When you purchase a low-priced |
| However, there might be some instances that | | | | property, the agent makes a low amount of |
| you have to educate the agent on the way real | | | | commission on this property. |
| estate investors look at buying and selling | | | | |
| real estate. | | | | Unless you plan on doing the extra work |
| | | | associated with the purchase, like writing up |
| Whenever you make a connection with a new | | | | the offers, it is a better business practice |
| real estate agent, even one that is already | | | | to compensate the agent for the time spent |
| aware of an investor's viewpoint on real | | | | working with you. If the agent spends a great |
| estate, it is necessary for you to let him | | | | deal of time showing you properties, consider |
| know the criteria you use for purchasing | | | | negotiating an hourly wage. The real estate |
| investment properties. Doing this ensures the | | | | agent will see that you value his time and is |
| real estate agent will only contact you with | | | | more likely to notify you with good investing |
| properties that have investment potential for | | | | deals. |
| you | | | | |
| | | | In your career as a real estate investor, you |
| Sometimes agents have their own questionnaire | | | | will meet many people that will be of use to |
| forms for you to fill out. In any case, the | | | | you. The real estate agent is perhaps one of |
| key information you need to relay to the | | | | the most important of these. |
| agent includes the following: the criteria | | | | |
| you use to purchase a property, your goal for | | | | Maintain a good working relationship with |
| purchasing the property, whether or not you | | | | agents by being clear on what you are looking |
| wish to be contacted about properties outside | | | | for and compensating him for the time he |
| your criteria and goals, total number of | | | | spends working with you. |
| properties that you might purchase at a time, | | | | |