One key to success in the investing business is a agent you can trust to help you move your finished product, but to move it correctly for the highest dollar value to the end buyer. A few things I will point out for all to review for just thought process when they are interviewing for the right Real Estate Agent (Business Partner):
1. When interviewing an agent, ask to see a HUD statement of how many homes they have purchased / invested in...
Note: Less than 3% of all licenced agents across the US actually invest in the business that is there chosen profession.
(OK STOP THE PRESS!! THAT IS LIKE BUYING MEAT FROM A BUTCHER THAT IS A VEGETARIAN)
If they are professionals make them show you. If they cannot show you they are investing,
1st WALK AWAY
2nd CALL ME.....I WILL INVEST WITH YOU
2. Do you know how much they make:
I WANT EVERYONE TO PUT ON THERE THINKING CAPS FOR THIS NEXT LITTLE PIECE OF SCHOOL!!
Average purchase through my program with a breakdown of what the agent makes with me:
Purchase price of home: $20k
Bank pays buying agent average of $2-3,000 for me Buying this bank owned property: $3,000
We sell the home to end buyer / investor for $145k and pay agent 3-6% for selling: $8,700
So..... If I am an agent buying homes for Adam I can make worse case scenario $7350 per house that he successfully buys and sells every month.
$7350 for signing a few lines on purchase agreements, a few faxes, showing a house other people put there blood sweat and tears into.
3. If you meet with the realtor and he is investing, can be trusted, is willing to lower his commission or pay you half!
Then if he is serious before you end your meeting paperwork should be in order and a sign in the front yard before he leaves, your property will be on the MLS in less than 24 hours and you will have showings and marketing material in place withing 72 hours.
IF NOT AGAIN
1ST WALK AWAY
2ND CALL ME....
I am sharing this because I have personally seen the wrong agent ruin peoples lives! Because they have a license they paid $400 for and attended classes for 30 days. Just because you went to a months worth of school does not make you an expert. (Read between the lines) I know plenty of people that w ill come to me and tell me how many years of experience they have, first thing I say to them "IF YOU HAVE THAT MANY YEARS INTO THE GAME SUCCESSFULLY, WHY AREN'T YOU RETIRED?"
I personally have chewed through 100's of agents just to find the 3% of guys to work with.
(Seriously, chewed through agents like a kid at a gumball machine that keeps spitting out free gumballs. Pick them up chew a few times and spit them to the curb where they belong because they suck!!! These are the same agents that are angry, wish me miss fortune and are pissed that I am telling the truth to anyone bright enough to listen. Hey guess what guys F*** YOU, I am here to make sure that the 97% of real estate agents that do not belong in the game get gone.)
OK Kids on a lighter note, the reason I stress these things is most importantly for people to learn, but secondly to build and expand the team. Here is the way your home should be listed, so you can effectively sell it and continue to grow your business.
This is they right way to do it,
For anyone interested in expanding your investment business the right way contact me directly so I can show you the right way to do it.
We have 200 projects to do this year imagine if I was working with the normal selfish realtor that did nothing for the team, did not share profits and just pushed paperwork they would make $1,470,000!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
That is $1.4 Million out of your pocket, ask yourself did your agent earn that? If the answer is no then call me and do business the right way I can promise you that you will make money and love the work your agent does for you working with us!!
" No one changes Anything, without risking Everything"