Agents Won’t Bring You Deals? Tell Them This
Summary
This BiggerPockets blog post discusses strategies for building relationships with real estate agents to find investment properties and offers insights on investing in Chicago, including its potential as a 'sleeper' market for real estate. Hosts can learn how to set expectations with agents and understand the benefits of investing in Chicago, while also avoiding the common mistake of expecting agents to work for them without offering any value in return.
Key Insights
- •Chicago is considered a 'sleeper city' for real estate investing due to its large, diverse economy, affordable prices, and potential for both cash flow and appreciation.
- •Many real estate agents may not be well-equipped to work with investors. Some agents may not be interested in working with investors due to time constraints, lack of qualifications, or the perception of tire kickers.
Action Items
- ✓When speaking with agents, clearly state your investment goals and the number of properties you plan to buy to establish a mutually beneficial relationship.Effort: lowImpact: medium
- ✓Consider investing in Chicago, a large and affordable city with great housing stock and lower risk of supply growth compared to other major cities.Effort: mediumImpact: medium
Tools & Resources
- →BiggerPockets: BiggerPockets provides tools to find investor-friendly real estate agents.(biggerpockets.com)
Common Mistakes
- ⚠Focus on finding investor-friendly agents and avoid assuming all agents are equipped or willing to work with investors.
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