It's Just Not the Sellers. It's the Real Estate Agents Too.

May was a productive month for me. I took care of some lingering issues that had been going on with my multi-family property and I saw around 15 potential profitable deals go by the wayside.

Now don't feel sorry for me. In fact I am quite happy it happened this way because I am beginning to hone my skills in working with real estate agents. At first I thought the problem was the sellers. I thought they were expecting too much out of the current market.

But you know, some of the problems stemmed from real estate agents as well.

Here are few things I encountered:

• Un-returned phone calls-Left messages stating nothing more than I was interested in the property, but had a few questions. Around 50% of agents never returned the call. Of the remaining, around 65% didn't return the phone call an average of 3 days later.
• Did not want to work with investors-I had pre-approval letters and proof-of-fund letters too, but no dice. Some agents pretty much ignored me as soon as they found out I was buying real estate for profit.
• Selling price was firm-Granted I did not know the selling situation of the seller, but one even mentioned that the seller had not even considered an offer that was 10K under asking price.