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  • Writer's pictureNice Guy Realty

What is an "Investor-Friendly" Realtor?

Many people consider an investor friendly realtor to be someone who is willing to run around looking at incredibly cheap properties, and do 100X the leg work to get one small purchase. This is important, but is not exactly what you look for in your Realtor. The agent mentioned above would be considered a "bird dog" in the Philly market. Someone who is always out and about, boots on the ground, finding POTENTIAL deals, and making you aware of them. Usually for a finders fee if you close on one of them.

Once you find what you think is a good deal, that is when you need the investor friendly realtor. This realtor should be willing to visit properties, roll up their sleeves, and put their boots on the ground. But for the realtor, this happens after you identify a few potential deals that fit your investment strategy. After all, your realtor will be equally as valuable off the streets, running analytics, and ensuring your transactions are done correctly and in your best interest. The bird dog does not have these skills or time. Furthermore, your realtor will be able to help you sell your investment when the time comes.

It is a HUGE bonus if your realtor is a real estate investor themselves! You hone your skills best by DOING, and they've already done it! Below are other things to consider when assembling your team and adding a realtor.

  1. Investment Specialist: Look for a realtor who specializes in working with investors and has experience in identifying profitable investment opportunities, analyzing cash flows, and negotiating deals that benefit investors. They can help you find the right properties and advise you on market trends and opportunities.

  2. Commercial Realtor: If you're looking to invest in commercial properties such as office buildings, retail centers, or multi-unit residential complexes, a commercial realtor can help you find suitable properties and navigate the complexities of commercial real estate transactions.

  3. Property Management Specialist: Some investors prefer to buy and hold properties for rental income. In this case, a realtor with experience in property management can help you identify properties with high rental potential, screen tenants, and manage the day-to-day operations of your rental properties. Nice Guy Realty is just a phone call away for our clients, and is always willing to help when management needs arise.

  4. Local Expert: Regardless of the type of investment property, it's essential to work with a realtor who has local expertise and knows the area well. A local expert can provide insights on market trends, zoning regulations, and local market conditions that can affect your investment decisions.

Ultimately, the best type of realtor for an investor client is one who understands the client's goals, has expertise in the specific type of investment property the client is interested in, has a track record of personal success, and success in helping investors achieve their financial objectives. Here at Nice Guy Realty, we do it all, and are happy to help you make a nice investment.

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