EP 319: What Not To Do When Working with a Commercial Broker

biggerpockets entrepreneur investher investing investor realestate womeninconstruction womeninfinance womeninrealestate Nov 08, 2022

 

Breaking into the commercial real estate market may be challenging to do on your own and hiring a commercial broker will help you get the best deals with minimum risks and maximum returns.

 

In this minisode, Liz discusses what it takes to build a relationship that is beneficial both for you and your commercial broker. She lists things every owner-operator should avoid doing, including not being clear on your deal criteria and borrowing power, not giving feedback, wasting the broker’s time, and more. Always remember that the broker is vetting you as much as you are vetting them, so it’s important that you know what they want and show them that you are true to your word.

 

Quotes

• “There's levels of value add, and you need to get really clear on what you're looking for in terms of value add. They're not all created equal.” (3:32-3:39)

• “ Know your numbers. Know your deal criteria. Know what you're looking to spend and how much money you're looking to put to work.” (4:23-4:28)

• “Worst thing you could do is waste their time, meaning ignore the message or don't give them feedback on it.” (5:42-5:47)

• “Most brokers are sending out deals. They're taking their time to do that, right? They're trying to feed their families too. For you not to even give them feedback is really a slap in the face.” (5:50-5:58)

• “What I mean is being known as someone who's always looking for a negotiation technique, if you will. Brokers don't take kindly to that.” (7:42-7:48)

• “I think that's really a level that we sometimes forget in this business, with brokers and with anyone you're trying to build a relationship with. Get to know them as people.” (8:34-8:43)

 

Missed InvestHER CON 2022 or just want to relive the experience? Don’t worry! Get instant access to the InvestHER CON 2022 recordings and enjoy tons of transformational sessions with incredible women investors!

https://www.therealestateinvesther.com/offers/PDh8G6eE/checkout

 

How To Join the InvestHER Movement 

 

1) InvestHER CON 2023

Meet Us in Arizona! | InvestHER CON 2023 Early Bird Tickets are available now!

The inaugural InvestHER CON was unforgettable.

We saw women freely raising their hands, asking questions, and going to the mic to share their thoughts; we saw women confidently speaking with sponsors, holding intimate conversations with each other, and connecting on a deeper level with themselves.

You laughed with us.

You cried with us.

You played in the arena with us.

And most of all, you inspired us!

We’re not stopping there. We’re thrilled to announce that InvestHER CON will be returning in May 2023, at a venue in sunny Arizona!

Early bird tickets are available now:

https://www.therealestateinvesther.com/offers/K92UxTz3/checkout

 

2) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses, and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via:

 

3) The Real Estate InvestHER Membership 

STRIVE is a one-of-a-kind membership for experienced women investors looking to make deeper connections and take their Real Estate business to the next level. It is more than a transactional membership, and it is a transformational experience for women looking to live life on their own terms.

 

4) InvestHER Community on Facebook 

We have thousands of members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 

 

5) InvestHER Meetups Around the Globe 

We have Investher Meetup members attending in-person meetings across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE!  

 

6) InvestHER™ eXp Team

Our mission is to empower women in Real Estate to live a financially free and balanced life, and we are extending our support to Real Estate agents worldwide.

 We have created exclusive content and support for the InvestHER™ eXp Team:

*Top skills and strategies to grow YOUR business

*How to utilize your “real estate agent” advantage to become a real estate investor

*Monthly live masterminds

*Become part of Libertas Organization with top coaches, Tim and Julie Harris.

 

Jonna Hall Weber is leading our team. If you have any questions or are ready to join our team, click here to schedule a call with her.

Take your business to the next level without losing your sanity!

Join STRIVE membership and get the support and accountability you need to take the next steps towards achieving your goals on your own terms

MORE INFO