In a booming economy, more people are looking to diversify their portfolio and generate passive streams of income. Real estate investing is a popular approach to earn some extra money, especially with the rise of Airbnb’s popularity. But trying to find investment property for sale in a large market like Dallas, TX, is more challenging than you might think. Also, not every real estate agent has the set of skills needed to help you sell or buy investment properties. If you’re in the market for an investment property, read on for tips on how to find the right real estate agent for you.
Experience with Investors
Let’s face it — you want to invest in a property, but trying to find one that fits within your budget is a challenge unlike one you’ve ever encountered before. A real estate professional who has experience working with multiple investors will be on the lookout for a property that will net you the biggest ROI to meet your financial goals. This doesn’t mean you can’t hire a newly minted real estate agent, but he/she should have an understanding of how to find and negotiate investment property deals.
They Invest In Properties Themselves
Along with helping other people invest, it’s helpful to have an agent that has experience investing in properties themselves. This will ensure that they are familiar with the process as an investor, making them easier to connect and work with on a personal level.
Expert Knowledge of the Area
As an investor, you’re looking to buy low and sell high. For real estate, this could mean that your investment properties won’t be located anywhere near you. So it is of utmost importance to hire someone who has an expert knowledge of the local market, and can guide you through the nuances of local laws so you can avoid scams and other pitfalls. This knowledge is priceless, so do your research and interview a realtor who can answer all of your questions about the area with confidence.
They’re Comfortable Negotiating… On Your Behalf
It takes time and experience to develop good negotiating skills. A real estate agent might have to deal with multiple rejections and negative feedback from other agents, so you’d want to hire someone who is comfortable with negotiating advantageous deals on your behalf, sometimes multiple times a day.
Deciding to invest in real estate can be exciting and daunting at the same time. Whether you’re a seasoned investor or you’re looking to invest in your first property, having an experienced realtor on your side can help you find the right investment property for sale that fits your budget. Visit Investment Club Realty, LLC for more information.
