I would guess the number would have been lower. Very few agents I know invest in Real Estate. A wise man once told me, you don’t make money selling it, you make your money owning it. Never forgot what he said.
As a general rule this is local and usually done through relationships that are established. I know locally there are about 4-5 agents that do the majority of REO listings. They know people at the bank and have a relationship that in many cases goes back years. Best place to start is to visit the banks and ask them who handles their REO listings. Another way I have found is to work short sales with banks. If you work hard and do a good job, they will throw you a bone. Like anything else you have to work your connections.
2 posts found
RyanAssist writes, May 16, 2008: (2 posts)
(Topic: Selling Talk / What Percentage of Agents are Investors?)
I would guess the number would have been lower. Very few agents I know invest in Real Estate. A wise man once told me, you don’t make money selling it, you make your money owning it. Never forgot what he said.
RyanAssist writes, May 16, 2008: (2 posts)
(Topic: Wholesaling / REO Agent sign up)
As a general rule this is local and usually done through relationships that are established. I know locally there are about 4-5 agents that do the majority of REO listings. They know people at the bank and have a relationship that in many cases goes back years. Best place to start is to visit the banks and ask them who handles their REO listings. Another way I have found is to work short sales with banks. If you work hard and do a good job, they will throw you a bone. Like anything else you have to work your connections.