Collecting Keys - Real Estate Investing Podcast EP 21 - Not All Realtors are Created Equal
What did you think of todays show??
A realtor’s experience level and savviness don’t necessarily correlate. In today’s episode, Dan and Mike talk about some of the experiences that they have had with realtors. Mike talks about a condo that he sold to good realtors, Mike shares his experience with a bad agent who messed up the inspection, and both our hosts discuss some of the ways agents try to get price reductions or get out of deals. They also talk about the benefits of working with investors and the value of a good reputation. Tuning in you’ll hear about the deals that they are currently working on, the great month that they had in February and why they believe the market is so good right now. This episode is full of tips for finding a good realtor and helpful advice for investors. You’ll also hear some of the scams our hosts have encountered in the past, the challenges of a complicated lead that they are currently dealing with, and some of the strangest things they’ve encountered in their property dealings from kidnappings to homemade sex toys. Tune in for all this and more!
Key Points From This Episode:
- Dan’s latest deal and why he doesn’t want to be a full-time list agent. [02:03]
- The strategy of underpricing properties and how this can pay off. [03:48]
- Why agents usually don’t have the guts to make pre-listing offers. [05:40]
- How an agent’s experience level and savviness don’t necessarily correlate. [06:37]
- Stories of experiences with good agents and bad ones [06:58]
- The importance of a good reputation to investors and why they are good to work with. [09:12]
- How, as an investor, your income isn’t necessarily tied to the value of the property. [11:54]
- Tips for finding a realtor. [13:19]
- Some of the success Dan and Michael have had in February and speculation as to why the market is so good. [13:58]
- A particularly challenging lead that they are currently dealing with and some of the scams they have encountered in the past. [15:13]
- Some of the crazy things they’ve encountered from kidnappings to homemade sex toys. [19:59]
- Why being an investor or owning an investment company is not as easy as people think. [22:58]
- Insight into some of the deals Dan and Mike are currently working on. [28:28]
- More information about the Instant Investor Program. [34:37]
Links Mentioned in Today’s Episode: