The importance of choosing an Investment focused realtors

[Tina Myrvang]

REIN has always believed in using a professional and someone with knowledge of investing, not just finding a home.

See The Canadian Wealth Magazine's article Why go it Alone? HERE

 

[Roomi]

I'm looking for investment focused realtor in Edmonton for residential property. any suggestion? Thanks

 

[Caleb West]

Hit up James Knull
Mogul realty , he’s won rein realtor of the year for 5 years
‭(780) 340-1340‬
[email protected]


Sent from my iPhone using myREINspace

 

[Roomi]

Thanks Caleb

 

[Michel Lafleur]

Hi Roomi. I focus on residential investment properties in the Edmonton area as well; I'm more than happy to help.
Michel Lafleur, Re/Max Real Estate, 780-902-6372

 

[Cory Sperle]

Property acquisition is by far the most most difficult aspect of real estate investing. Almost all of your gains are made the day you buy the property, thus a bad purchase may not be obvious for a while, even years, so in my opinion 95% of your focus should be on locating winning deals. You can farm out property management, accounting, legal, and almost everything else but acquisition is one you must take on yourself, with or without the help of others. Expect to comb through hundreds of listings, see dozens of properties, write a few offers and perhaps buy one. Many newbies stumble taking the advice of realtors without doing the work themselves, and complacency simply does not cut it. I can't name a single successful investor who got there with realtors alone. They can assist you down the road though by filtering exclusive listings to you before the masses see them, once your reputation is solid.

 

[Thomas Beyer]

Property acquisition is by far the most most difficult aspect of real estate investing. Almost all of your gains are made the day you buy the property, thus a bad purchase may not be obvious for a while, even years, so in my opinion 95% of your focus should be on locating winning deals. You can farm out property management, accounting, legal, and almost everything else but acquisition is one you must take on yourself, with or without the help of others. Expect to comb through hundreds of listings, see dozens of properties, write a few offers and perhaps buy one. Many newbies stumble taking the advice of realtors without doing the work themselves, and complacency simply does not cut it. I can't name a single successful investor who got there with realtors alone. They can assist you down the road though by filtering exclusive listings to you before the masses see them, once your reputation is solid.

There is cheaper one of your new book!

Well said Cory !!


Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com

 

[Matt Crowley]

I'd go without a Realtor for residential if there is any way possible. I don't think they do anything really that can't be done better by a reno expert and property inspector. It is your responsibility to know rents and the market inside-out. Everybody, EVERYBODY runs out of capital eventually. So if you have capital meet the right people who have deals assembled and try and be the capital behind that (in form of a true JV which means sharing in the profits in equal terms relative to what you are able to contribute). Don't throw away your profit on Realtors. Once you know the market you want to be in and get down to ~8 neighbourhoods, you should know every deal on the market anyway. What more can a Realtor do?

In commercial, a good broker can bring you great deals, but won't until you have closed a whole bunch and paid to play ($$$$ commission). Also, you need experience to be worth presenting deals to.