Compete With Agent/Brokers

[TFXK]

I've spent about 2 months running all around our area (20 mile radius) looking at properties. Have yet to make an offer on anything.

It seems to me that anything (with decent rental potential) never makes it to market (general public). Agents & Brokers who are also investers, seem to grab up anything and EVERYTHING decent immediately. I'm running around looking at what they discard. I feel like a bottom feeder.

It's a sellers market right now (at least in my area), which makes it difficult (but not impossible) to find decent opportunities, but also competeing with Invester Agents/Brokers makes it even harder.

Of all the agents I've talked to (about 1 property or another), about 50% of them are also investers. Yeow!

Certainly these people have an advantage. Short of becomming an Agent/Broker myself, what else can I do to level the playing field a little bit more?

I'm very frustrated.
TFXK

[dealmaker]

Time to start making them your allies! I know that sounds like a very simplistic answer but it does work. Many brokers limit how many deals their agents can do per year. Remember agents work on COMMISSION ONLY, most Americans are terrible at handling their personal money, straight commission people, on the whole are worse than salaried people! Have you ever found yourself "running out of paycheck before you ran out of week"? Now imagine if you didn't get a "regular" paycheck. What if you earned $15K in December, $500 in January and $800 in February, now imagine doing that if you lived "paycheck to paycheck" in December.


Remember AGENTS work for a BROKER, BROKERS exist to SELL CLIENTS houses. Now lots of people think that as long as the cllient's house sells he doesn't care how or to whom. But, when agents do enough SELF DEALING clients can start to feel as though they didn't get a high enough price. Which if you think about it is true, the house didn't go to the full market, it only got marketed to one person, the agent/investor.

Most agent/investors come up on deals that don't "fit" their plan; boss won't let me do another deal this quickly, property doesn't fit my profile, no money do do deals right now. If you've networked with them they just might think of you when that situation arises.

dealmaker

[Dan Auito]

Also, remember that many good deals never make it to agents to begin with, savvy investors have marketing campaigns of their own that get potential sellers calling THEM long before they begin dealing with the self serving agent crowd. There are tons of ways to do your marketing and when you surf around the site here a little you should come up with atleast 100 ways.

Focus on 5-10 avenues of approach and stick to your campaigns, six months is really all it takes to start the streams of callers ringing you up in response to what you have sent out in your marketing efforts.

[Las Vegas Real Estate]

Another reason to make them allies is they typically have a handful of "favorite" investors who get deferential treatment when (or before) the hot stuff hits the market. They look for ready buyers who know what they want and have the financing to get it done.

[Dan Auito]

Words of wisdom above folks, Pay attention to little truths like the one above. They are worth a bundle when followed up on! :wink: