If you have decided that this is the year you will take the leap and buy an investment property, stop. Investing in real estate is one of the best ways to build your financial portfolio and create generational wealth, but you'll need a knowledgeable agent to help you navigate the process first. An investment property real estate agent is exactly the type of expert you need on your team before you get started as an investor. Here's what you need to know about what an investment property real estate agent can do for you and why hiring one is important if you're planning to start investing in real estate.
What Does an Investment Property Real Estate Agent Do?
An investment property real estate agent is more than your average real estate agent. They have a deep understanding of the local market and can provide invaluable advice on issues like pricing, renovations, and repairs that will give you the maximum return on your investment or ROI. They can also help advise you on how best to manage your investments, such as which tenants should be chosen for long-term leasing or short-term rental. Additionally, they are well-versed in applicable zoning regulations and building codes to help ensure that any potential investments are up to code.
What Are the Benefits of Hiring an Investment Property Real Estate Agent?
There are many benefits to working with an investment property real estate agent, including:
- Access. One benefit of hiring an investment property real estate agent is that they have access to listings both on and off-market, including pocket listings, giving you more options for finding the perfect property for your needs.
- Negotiation. Investment property real estate agents are experienced, negotiators. They know new investors work with tight numbers and can negotiate deals with sellers to make your numbers work, ensuring that any potential investments are worth your effort and resources.
- Expertise. A good agent shares their expertise and provides insight into the local market so that you know what to buy, where to buy, and how much to spend to maximize your bottom line.
Hiring an investment property real estate agent is beneficial for anyone looking to break into the world of real estate investing. Not only do they have access to more listings than are available on public sites, but they also have knowledge about local markets that most people don't possess. If you're considering investing in real estate, hiring an investment property real estate agent should be your first step.Share