Real estate investment properties can help you generate more income, improve your credit and provide financial security. Before choosing an investment property, you need to understand the local real estate market. But how do you put a promising investment property up for sale? Is a rental property a good investment? The most efficient way to answer these questions is with an experienced broker who understands your industry. Here are some helpful tips to make sure you’re asking the right questions to find the right real estate agent.
Find an Experienced Investment Broker As with any job
Look at resumes and experience before hiring someone. A real estate agent who understands investment properties will have case studies and references from past clients who have worked with him or her in the past. Make sure the references and information are accurate.
Does the agent know the area?
Understanding the environment is a very valuable attribute in real estate. An experienced realtor in your area will have a better understanding of the value of an investment property. You can find investment properties for sale and answer questions like “Is a rental property a good investment?” Whether it’s a commercial investment or you’re a first-time landlord, you should have an agent who knows your neighborhood. You can answer the following questions:
Who will rent out my property?
What are the chances of it remaining occupied?
What are the resale opportunities?
Connections – it’s all about who you know
We’ve all heard the phrase “it’s all about who you know”. This is especially true in the real estate investment world. Professional investors know their communities well enough to seize opportunities before properties hit the market. The first question to ask prospective agents is, “Do you have the right connections to make this process go smoothly?”
Does the agent understand her ROI?
real estate agents are always looking for the best deals for their clients. Finding good deals is great, but understanding ROI is essential. Before choosing a broker, make sure you understand your investment financial goals. These are the key points to share with your real estate agent to help them find the right property to meet their goals. § Investing to sell again within 5 years § Property will be used to generate additional income through leasing § Plan to repair property in order to sell property at a higher premium
Empower Brokers Investin Physical Estates?
After speaking with some of the candidates, we find that many realtors are also investing. Find a real estate agent who has investment properties because they have direct experience. This means less mistakes, less guesswork, and more confidence. Don’t be afraid to ask agents questions about their own experiences, trials and tribulations, and how they succeeded.