Phase Three
Meeting With Real Estate Agents

Real estate agents are professional time conscience individuals. It is very important you come prepared when meeting them.

Be sure to have your Hard Money and/or Private Money lender meetings before scheduling a meeting with real estate agents. It is important to have your funding worked out before this meeting.

It will speak volumes for your professionalism. They will also know, you can buy if you chose. This means their efforts will not be a waste of time.

Be sure to have attended a Real Estate Investors Association (REIA) monthly meeting also. (If you do not have access to a REIA join any available real estate investment club.)

At this meeting there is usually a room with vendors set-up at tables:

1st - Locate Wholesalers. Introduce yourself and get their current lists of available properties. Also get their business cards or contact information.

2nd - Get a couple of more Hard Money or Private Lenders. If you could not get any from your Newspapers, get at least 3 here. Wholesalers and fellow investors will have a few Hard Money referrals, if none are obvious at the meeting.

3rd - Get a couple of Property Insurance references. They too, should be obvious, but if not simply speak to your fellow investors and get a few referrals.

4th - Get a few more contractor referrals. Some will probably be set-up at the meeting. However, get a few contractor referrals from other investors and lenders and ask them about the contractors, who are set-up at the meeting.

If they have not yet had the monthly meeting, join by going to the office. After joining, request their list of vendors. If they do not have one, simply ask for the referrals I listed above.

Meeting with your lenders and networking with investors before meeting a real estate agent, will give you a basic feel for what you are looking for. Do not feel you need to know everything about real estate investing and analyzing properties. However, having a basic feel of everything, will help you, help the agent in servicing your particular needs.

Knowing where you want to go, will be a big help to the agent and they will greatly appreciate it.

That being said, meeting real estate agents may be optional. If you already have a substantial list of properties to work with, there is no need to add to the list. Work through this list and once it's exhausted, schedule a meeting with an agent.

The agent will only need to know your areas of interest and price range. You will determine your price ranges by sifting through the list of properties you have put together at this point.

You will have figured out, the full retail values. So your price ranges will be 60% or less of this range of values. Most in this range will need rehab, so do not forget to account for this when setting your ranges.

That's it for Phase Three.


From Real Estate Agents back to Investing In Real Estate.