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In all seriousness, if your goal is to invest in real estate, you need strong broker relationships. That begins by talking the talk... and more importantly, walking the walk — acting on your words. Brokers receive far too many calls from tire kickers and you need to stand out
Here& #39;s a few steps how:
1. Be professional: Website, business email, and conducting business during the workday.
2. Have specific investment criteria: deal size or loan products you want to utilize.
3. Qualitative property criteria such as brick, 1980s construction etc.
1. Be professional: Website, business email, and conducting business during the workday.
2. Have specific investment criteria: deal size or loan products you want to utilize.
3. Qualitative property criteria such as brick, 1980s construction etc.
Next level:
4. Your cash position and capital stack (tread carefully). Don& #39;t just come out of the gate with a proof of funds! Guard your private financial information, but eventually brokers need to know you can close.
4. Your cash position and capital stack (tread carefully). Don& #39;t just come out of the gate with a proof of funds! Guard your private financial information, but eventually brokers need to know you can close.
5. Referrals are huge.
Even today I got a call back from a major broker because of a referral from my lender. Who you do business with is a major vote of confidence. Consider building your network of professionals before approaching brokers and deals.
Even today I got a call back from a major broker because of a referral from my lender. Who you do business with is a major vote of confidence. Consider building your network of professionals before approaching brokers and deals.
I& #39;d imagine one of the biggest mistakes (and I am guilty of it) is calling brokers right away without any knowledge or experience in the market. You got to know what you are talking about. Thoughts?
