How to Make Realtors Want to Work With You When Buying Investment Real Estate

Relationship with realtorTaking the time to inform a realtor that you will not bid on a real estate investment opportunity and presenting him / her with the reasons why is an important step in the communication process for a number of reasons.  It helps you to create a relationship with the realtor based on trust, transparency and shows a respect for his / her time.

Showing a realtor that you are experienced and have a set of investment guidelines that you follow while also informing that the property doesn’t cashflow provides the required information for him /her to discuss with the seller and assess their flexibility.

Remember, most realtors have little / no investment experience and their only goal is to complete the sale of the property.  Whether they sell a property for $1 million or $1.1 million doesn’t make a significant difference in their commissions (a difference of $3,000 to $5,000 in commission assuming their commission rate is 3-5%), it is in their best interest to bridge the gap between asking and closing price as quickly as possible to maximize their return on investment for each hour they work

Here’s a sample email that covers the items identified above. Feel free to use it as a template for your future communications. It’s one of the keys in preparing the foundation for a mutually beneficial relationship with the realtor that will make him / her want to go out of their way to work with you in helping you to grow  your real estate empire.

Cashflow negaitve real estate investment

That’s today’s lesson. Every day, a bit at a time, you’ll build your momentum towards your path to financial freedom. It just requires taking action. So take an hour today and perform 10 real estate assessments and 5 emails. Go get ’em tiger!

Brent Mondoux
Founding Partner, Amplified Investments
Investing in real estate

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