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