If you are wondering whether you need to find a real estate agent to buy investment property, here is what you need to know.
When you buy investment property, one of the best real estate investing tips is to find a real estate agent. Agents are real estate experts on investment properties and could be a great help in terms of finding the best deals. However, this does not mean that you cannot go without a real estate agent. Therefore, you do not need to find a real estate agent to buy investment property, if:
You do not need to find a real estate agent if you have enough real estate knowledge:
The real estate knowledge we are talking about consists of real estate education in addition to the experience.
As for the real estate education, it might or might not be a college degree. However, you can still acquire that education through reading real estate books, subscribing to real estate websites as well as reading real estate blogs. So, really, investing in real estate does not require a college degree unless you want to become a real estate developer.
Moreover, the best way to acquire experience is to actually work in the field. Therefore, if you are a beginner real estate investor, we suggest that you still find a real estate agent. You can learn so much through that agent and after a while you will be able to buy investment property on your own. Therefore, we only recommend that you skip the real estate agent if you are an experienced real estate investor and know exactly what to look for in an investment property.
You do not need to find a real estate agent if you have the right personal traits:
There are personal traits that every successful real estate agent has. Buying investment properties requires that a real estate agent has strong communication skills. Not only that but also strong negotiation skills. Negotiation and communication play a major role in every real estate deal. That is what helps real estate investors get the best deals for their business. So, if you think you have these skills already, we think that you can go about buying investment properties without the need to find a real estate agent.
You do not need to find a real estate agent if you know where to find the best investments:
In order to find the best investments in real estate, you will have to know where to look. The reason you find a real estate agent is because he/she has access to the best real estate resources. Agents are real estate experts when it comes to finding the best deals on investment properties. However, this does not mean that you cannot do that yourself. Moreover, you do not have to be a professional to find investment properties. All you’ve got to do is type in “investment properties for sale” on google and you will have plenty of real estate websites for property listings.
If you are considering investing in rental properties, then read our blog ” Buying Rental Property Is Easy With Our Guide” and find out all about rental properties.
You do not need to find a real estate agent if you have the right connections:
Networking and creating business connections can take you a long way in the real estate investing business. Knowing the right people can save you a lot of effort when finding the best deals in real estate. Your contacts list should include other real estate investors as well. Now, if you are a beginner real estate investor, and do not have the connections, you will still need to find a real estate agent.
You do not need to find a real estate agent if you know what makes for the best real estate investment deals:
Finding the best investments in real estate depends on many factors. The first one is location. As you might have heard already, in real estate, location is EVERYTHING. Well, this is true if combined with other factors such as the investment potential of the real estate property itself. Therefore, in order to spot a great deal, you will have to be attentive to the following:
- The real estate market analysis: This procedure is very important when examining the location of your property. It is also important to determine what the appreciation rates in that area are. Not only that but also determining whether or not the property is worth investing your money in.
- The investment property analysis: Performing this type of analysis will save you a whole lot! This analysis is important to evaluate the return on investment a property is expected to generate on an annual basis. This process is essential not only for buying the property but also all the while you are investing. This way you can keep track of its performance and detect any losses before it’s too late.
You do not need to find a real estate agent if you know the right tools to use:
So, we have mentioned the major determining factors of the profitability of an investment property. It may seem like a lot to do and that is why you need to find a real estate agent. He/she will perform such calculations in your stead and will save you the time and effort of dealing with them. However, if you still do not want to find a real estate agent, we have the solution for you. Use Mashvisor’s investment property calculator and save the pain of wasting time and money on real estate agents. This simple tool will calculate all the essential real estate metrics in order to determine the return on investment a property is likely to generate. All you have to do is insert the data you have and enjoy the most accurate real estate market analysis as well as investment property analysis.
One thing that makes this particular tool unique is that it is one of the predictive analytics tools. This tool’s functions are way beyond numbers and figures. It also helps real estate investors get a glimpse of the future of the market in a certain area. Of course, for this purpose, the investment property calculator uses real estate comps and takes recent trends into account as well as historical market data.
You do not need to find a real estate agent if you are willing to go through the hassle in the first place:
Well, by now you are thinking that there’s so much work to do without a real estate agent. However, even experienced real estate investors prefer hiring a real estate agent to skip the hassle. But, if you are still willing to go through the process and, more importantly, if it seems to you that doing it yourself is worth saving on the agent’s commission, then go ahead and skip finding a real estate agent.