JakeRoberts
New member
I check redfin daily and have been looking to purchase an investment property, stand alone home, to either flip or rent out.
After being on the hunt for a year now this is what I have learned.
1. Its all about the agents. I have seen deals that never got put on mls until after the fact to post the sale. Also properties that go pending the minute they get listed. The agents already have their investors they work with and the property is already taken before it even hits the market. When you are talking about agents in specific areas, typically you see the same one, two, or three names listed over and over again on all the property transactions, and the agents work together to broker out all the deals. Trying to get into that inner circle can be difficult to nearly impossible.
2. Everything is being gobbled up by all cash investors.
After a year of aggressively pursuing I have only been able to make 1 offer and it was rejected.
Its very frustrating.
After being on the hunt for a year now this is what I have learned.
1. Its all about the agents. I have seen deals that never got put on mls until after the fact to post the sale. Also properties that go pending the minute they get listed. The agents already have their investors they work with and the property is already taken before it even hits the market. When you are talking about agents in specific areas, typically you see the same one, two, or three names listed over and over again on all the property transactions, and the agents work together to broker out all the deals. Trying to get into that inner circle can be difficult to nearly impossible.
2. Everything is being gobbled up by all cash investors.
After a year of aggressively pursuing I have only been able to make 1 offer and it was rejected.
Its very frustrating.