Use Real Estate agents effectively. All the deals you do will not involve real estate agents but they can and should be a valuable part of your business. Be prepared when you call and speak with an agent that you are considering adding to your team. Demonstrate to them that you have put some thought into your business and are fully dedicated to being a successful investor. Think about various strategies you are interested in, consider different market areas you are thinking about targeting, put some thought into your financing alternatives, etc. Showing an agent that you are serious about investing will increase their desire to work for you and do a good job. Your agent will not get paid until you close a deal, so the closer you are to making offers and doing deals the more excited an agent will be to get to work. Do not sign an exclusivity agreement with any one agent, but rather work with a few different ones. The most valuable service an agent can perform for an investor is finding deals and the more agents you have looking for deals for you the better.
Posted by Carter Brown
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