Buying investment properties is a great idea for building wealth. Some people wonder if using a Realtor once you’ve gotten one or two purchased and have a better idea of what you are doing. The answer to that would be yes, keep working with a Realtor! Here’s why.
Having a great relationship with your Realtor is a good thing. Not only will they be there to help you with any future purchases, they can also give you a heads up about a great property for you to invest in that may be coming on the market. Then you can decide if you want to do that deal on your own or as a team with your Realtor. That’s important because if you need to go into a deal with a partner, who better than the Realtor that you trust?
Do you know how to go about finding new properties? Sure, you can look online at the major real estate sites, but having a Realtor that you work with regularly will mean that you have an ear to the ground, so to speak, for new properties. Using a Realtor will facilitate touring the property. Using a Realtor will mean that you won’t waste time looking at properties that aren’t good investments. Now you may get really good at finding properties on your own, but why not develop a relationship that will help you be even more productive with your real estate investments?
Another good reason to use a Realtor is to have them help you rent your properties. A Realtor has a great network to go to for just this purpose. On top of that, they have a network of people who can help you manage your properties as well. A team approach with your Realtor can only be a benefit to you both.