Click Fraud Protection

5 Reasons You Need An Agent When Buying an Investment Property in Los Angeles

With the dizzying amount of online information available today, many beginning real estate investors wonder whether they need an agent. You can, of course, do it all on your own. But you need to ask whether this is really the best way to buy an investment property. Without an experienced agent, you could be setting yourself up for a less-than-ideal investing experience. Here, then, are 5 reasons you need an agent when buying an investment property in Los Angeles.

1. Listings Access

In addition to extensive market knowledge that serves your best interests when buying multi-family property in Los Angeles, your agent will have access to listings that you probably couldn’t access on your own. Typically, investment property listings aren’t as centralized as those for residential property, which often makes finding the right investment property a challenge. 

When searching for investment properties, you can’t just go to the MLS to see what’s available, as you can for residential property. While there are several different listing platforms for investment real estate, only a few at most are open to the general public. 

This means that without an agent you simply won’t have access to a large portion of the listings. Your Los Angeles agent will, however, have access to those listing and can help you find potential properties that meet your requirements.

2. Value Calculations

Market value will be one of the most important considerations for buying an investment property in Los Angeles. It has almost everything to do with what you’ll pay for the property and what you can expect regarding resale value – that is, how much profit you’ll make.

You can, of course, try to arrive at a valuation on your own, doing an online search as well as plenty of leg work to find comparable properties in the area to compare against. But it can be a slow and painstaking process and much more difficult to arrive at an accurate valuation than it would be for a residential property.

Your agent, however, will have plenty of experience with local investment properties and, as a result, will have a good handle on market value for this and similar properties – which means that your agent may be able to arrive at an accurate valuation within minutes. To find out more about how an agent can assist you with value calculations for buying an investment property in Los Angeles, just call (866) 593 7012.

3. A Trained Eye

Another reason solid reason most investors need an agent when buying an investment property in Los Angeles is that an agent will have a trained eye. What we mean here is that your Los Angeles agent, having experience in this segment of the market, will be able to detect flaws in a property that you’d probably miss with your inexperienced and untrained eye

With her trained eye, your agent can, for example:

  • Detect signs of mold
  • Assess roof damage/need for repair
  • Determine whether a property is worth the investment
  • Determine what renovations are needed and how much they’ll cost

Basically, an agent can protect your interests by knowing what to look for.

4. Negotiating Skill

Unless you’ve closed tens or hundreds of investment deals, you also need an agent when buying an investment property in Los Angeles for her negotiating skill. After finding a potential investment property, you need to get the best price possible in order to maximize profit potential. This is where a good agent becomes almost a necessity.

An agent will know the local market and negotiating best practices, as well as having plenty of negotiating experience. In short, your agent will know what works and what doesn’t to get you the best price. 

5. Time Saved

In addition to saving you money through savvy negotiations, an agent can also save you a lot of time.

Whether you’re a full-time or a part-time real estate investor, you have many claims on your time and wear many hats as a business owner. And that means your time is limited. That’s also why you need an agent when buying an investment property inLos Angeles.

The most time-consuming aspect of real estate investing is finding good investment properties. Your agent can do the research and legwork involved in finding potential properties and then present you with the best options. This frees up your time so you can concentrate on running your business (and also your job if that applies). 

Buying an Investment Property in Los Angeles

It should be pretty plain, then, that not only can an agent provide valuable assistance in the purchase of an investment property, but that you need an agent to help you find what you need and to save money and time. Don’t take a chance. If buying an investment property in Los Angeles is your goal, contact us today at (866) 593 7012.

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

What Do You Have To Lose? Get Started Now...

We buy houses in ANY CONDITION in California There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call (866) 593 7012...
  • This field is for validation purposes and should be left unchanged.