Working with a broker is an essential step to secure a successful deal in real estate. Commercial real estate investor Alex Olson describes getting the attention of a broker in any market as both an art and a science. Today we dig deep on how to get a broker’s attention in a hot market with the help of Alex.
Our gracious sponsor:
A Cost Segregation Study typically generates accelerated depreciation deductions ranging from 15% – 45%; Whether Commercial Real Estate was acquired, built-new, or renovated over the past 15-years, a Cost Segregation Study can still be performed…and there’s no amending of past tax-returns required; All Cost Segregation Providers are NOT created equal…if your Provider does NOT have a Certified Cost Segregation Professional (CCSP) on-staff, then you’re at higher risk of a failed IRS audit; There are ONLY (43) Certified Cost Segregation Professionals (CCSPs) in the entire United States…(8) CCSPs are employed by Bedford. Visit www.bedfordteam.com
Watch the episode here:
Listen to the podcast here:
Our conversation with Alex will help us understand this complex relationship between investors and brokers and vice versa. We then discuss how to spot a good buyer and at the same time spot the most desirable markets available. Also shares how the best markets can prepare for a downturn. And as for what helps Alex to be successful in the industry – it’s cold-calling. We’ll get more details from Alex so tune in!
Key Points From This Episode:
- Getting to know Alex Olson and his focus now on real estate.
- Alex breaks down how to get a broker’s attention in a hot market.
- Alex explains the relationship between brokers and investors and vice versa.
- Why it is important to secure a harmonious relationship with a broker.
- Alex breaks down the characteristics of a good buyer.
- Alex shares how to spot the most desirable markets.
- How the best markets are prepared for a downturn?
- Alex shares his predictions for the real estate market in 6-12 months.
- The daily habits that contributed to his success
“Getting the attention of a broker in any market is kind of an art and kind of a science.” [0:02:52]
“[Whether] very experienced versus not experienced, you need to have a bio and then some kind of proven history or at least proven mentality that you’re going to take down real estate transaction.” [0:08:08]
“Don’t pass up great deals just because it doesn’t necessarily fit into your perfect box. Try to figure out a way to make the deal work for you.” [0:18:26]
“My best advice is (to) find the best out there and don’t give up. Work harder than they are if you think you can. And if you can’t work as hard as them, and then find somebody else that you can have as a mentor.” [0:20:50]
Links Mentioned in Today’s Episode:
About Alex Olson
As a commercial real estate investor himself, Alex understands the frustrations of not being able to locate off-market deals, not finding deals that cash flow, and running into dead ends. Once you have an agent, learn how to build out your team, identify the core components of getting a transaction done, and getting your deal across the finish line.
Without using a dime of his own money, Alex set out to buy investment properties in some of the most sought-after areas of Kansas City. He did it with drive, hard work, and a desire to provide long-term wealth for his family.
Now, through the Buyers Representation Success System (BRSS), Alex and his Colleague Logan Freeman are taking real estate brokerage to the next level. They have developed a proven system for helping 1031 exchange clients identify cash-flowing deals, develop a trusted team, and ensure that your 1031 exchange money is secure.
Love the show? Subscribe, rate, review, and share!
Join the Real Estate Syndication Show Community: