Posted by clintnok on February 02, 2004 at 15:24:28:
the first step in the method you are trying is to find the right RE agent.
call around and interview them to find out what their experience is. EA: how long in the business, do they own any investment property themselves (key factor)
you are looking for an agent with an attitude about RE that aligns with yours.
tell them you dont want a taxi service you just want deals, and if the deal is right your ready to “pull the trigger”
remember that if there is no cash down their commish might be paid over time instead of upfront.it’s the old"whats in it for me" syndrome. keep looking for the right agent and when you do find them, let them make a couple of deals for you and show them your for real instead of a “tire kicker”
good luck
I’ve purchased one property with no money down about a year ago from the seller himself. Now every real estate agent I meet with and try to structure no money down deals think I’m crazy. I’ve seen about 30 properties in the last 2 months and every real estate agent is against no money down or close to no money down deals. If anyone can give me some tips on how to negoiate and structure deals with tough realtors? Any advice would be helpful. Thanks
Posted by ray@lcorn on February 07, 2004 at 12:51:05:
Tony,
You bought one property direct from the owner… why not use your time finding more don’t-wanter owners rather than with realtors whose compensation increases with the price?
Re: HOW DO YOU NEGOIATE WITH REALTORS? - Posted by Cheryl Lopez
Posted by Cheryl Lopez on February 04, 2004 at 22:04:18:
To: TONY
How about placing an ad in the newspaper stating your criteria of an agent you want to work with in locating your investment properties? ! Place it in the “real estate section” rather than “help wanted or job opp sections”. Most real estate agents will look in the real estate section not help wanted section.
That way the “unqualified” agents will “weed themselves out” and not call you then the “qualified” will respond to your ad.
Like another poster said … your first task is to locate qualified one or two agents to help you locate your future investment properties.
When you start working with the new agents … take them to your current investment property that you did purchase with “no money down” rather than just talk about it.