Naturally, many people think that the best way to initiate real estate investing is to connect with a real estate agent. However, more often than not, realtors know very little about things like seller financing and purchasing distressed properties.
Don’t get me wrong: I love realtors. My dad is a realtor. My wife has her real estate license. I understand and appreciate that realtors work very hard. But… they simply are not always well versed in the world of investing. The issue is, the main role of a realtor is to help individuals and families purchase their primary residences.
That’s a whole different ball game than real estate investing! Most realtors simply do not know about investing, including turnkey investing, finding wholesale properties, and what it takes to make a solid investment. Investing is an entirely different business.
Unfortunately, most novice investors have no idea about this disconnect. It seems like if you want to purchase a property, the natural place to start is with a realtor. But a realtor most likely is not going to be able to help you find a property under market value; their job is to help their clients get the most for their property!
One of the best ways to ensure that you’ll make a high return on your investment is to purchase a discounted property. Unfortunately, more often than not, a realtor can’t help you in this department. In general, my advice is to skip the realtor, and go after ROI!
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