...be careful!
A little while back, I was meeting with a real estate agent and her and I were to visit several homes. This was my first time meeting her; if all went well, I intended to make her alot of new business a/k/a money, since I am getting into the real estate investment business and I need a real estate agent to intercede on my behalf for properties.
Unfortunately, that is when things went south. Now, I will admit, I did not tell her of my intentions to be a real estate investor. I simply told her I wanted to look at some properties of interest and away we went. She sent me MLS listings for properties of a certain range and I chose acouple.
When we went to the first home, a 3-bedroom, freshly (but not professionally) painted home in a seemingly-nice and quiet neighborhood (it was a Sunday morning, after all), we went throughout the house, noticing the positives (and myself noticing a few negatives). Now, mind you, in the Central Illinois area, the mortgage crisis that has caused properties values to fall dramatically nationwide, has hit, but not in quite the same fashion as in areas of California, Florida, etc.
So at the end of the showing, she mentions that the asking price (of around $96k) was not a lot of money, and that the house would make a good starter home for [me]. It wasn't that the house wasn't a good starter home (it was), but since when is $96k not alot of money?
Don't get me wrong, I AM a real estate investor and I KNOW that properties are valuable (I'm currently looking at moving myself, to a $785k home). But the item that stuck me funny was how she "belittled" the money she was talking of. I guess I came from a humble background, where money is valuable. Don't get me wrong when I say I am blessed to say money is not a true "problem" for me, but I don't freak out when my 401(k) or savings accounts lose money; I DO hate it when people belittle money.
Just word for thought.
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