Real Estate Agent Trying To Make It Happen...Finally

hello all
Im a real estate agent in NJ, and about to close on my first deal as a real estate agent, which Im happy about. I now want to focus on CREI...now how would you start being in my position with the "access" I have...I recently got a mailer from a title company that my real estate company now has on retainer, how can I use this contact better?...I also would like to hear from other real estate agents and maybe hear how being an agent assits them in their CREI ventures, thanks for everything.

Comments(2)

  • RunningQ27th January, 2004

    I think being an agent is beneficial to a certain degree depending on what you are trying to accomplish. As an agent I work for a Broker who encourages all his agents to buy properties themselves so that is a plus. Also, I have access to the MLS which allows me to be a step ahead of some other investors. This allowed me to find my first property. I knew just from seeing the MLS sheet that it was a gem of a deal and was able to put an offer on it immediately. That deal netted me an immediate 50K in equity along with being cash flow positive--sweet.

    There are down falls. As agents we might use our access to MLS and other agents as a crutch and not get out there and beat the bushes for deals. I personally never want to get comfortable because comfort breeds lack of desire and laziness.

    Good luck,

    Q

  • LenNJ27th January, 2004

    can you share with me a little more what made you see that deal as such a great one?...What formula did you use to determine that it was a good deal, or was it simply way below FMV....What type of deals do you generally look for? do you work with title companies in order to find pre forclosures?

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