Brick to the Future: Property Investment Show

048 - Season 4 Episode 48 - Buyers Agents, Real Estate & Investment Firms

• OpenCorp • Season 4 • Episode 48

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Hosts:

  • Cam McLellan, CEO of Open Corp
  • Michael Beresford, Director of Investment Services

Episode Overview:
In this enlightening episode, Cam McLellan and Michael Beresford delve into the distinct roles of buyers agents, investment advisors, and real estate agents. They clarify the unique skill sets and purposes of each profession and guide you on choosing the right expert based on your property goals.

Key Points Discussed:

  1. Real Estate Agents:
    • Primarily assist in buying or selling homes in specific areas.
    • Have detailed knowledge of local amenities and property listings.
    • Work for the seller to get the highest price possible.
  2. Buyers Agents (Advocates):
    • Assist buyers in negotiating with real estate agents.
    • Follow the buyer’s instructions to find and negotiate the purchase of a property.
    • Do not typically provide extensive research or investment advice.
  3. Investment Advisors:
    • Focus on long-term property portfolio building.
    • Offer step-by-step guidance, from goal setting to property management.
    • Conduct extensive market research to find the best investment opportunities.
    • Provide ongoing mentorship and support to grow your portfolio.

Summary:

  • Real Estate Agents: Best for buying your own home in a specific area.
  • Buyers Advocates: Ideal if you’re uncomfortable negotiating with real estate agents.
  • Investment Advisors: Essential for building a profitable property portfolio with strategic guidance and support.

Key Takeaway:
Choose the right expert based on your goals. For home buying, a real estate agent is suitable. If negotiation is a challenge, hire a buyer's advocate. For strategic, long-term investment success, consult an investment advisor like Open Corp.

Additional Resources:

  • For a comprehensive checklist on choosing the right mentor and investment group, get a copy of "My Four-Year-Old the Property Investor" by Cam McLellan. Get your copy here: https://opencorp.com.au/books/my-four-year-old-the-property-investor/ 

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