583: Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 15 March 2022

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

The signs of a bad real estate agent aren’t very clear if you’re a new investor. But, after trial and error and a lot of deals done, you’ll be able to weed out the basic agents from the rockstar realtors. If you’re brand new to real estate investing, there’s no need to sort through ten agents just to find out what makes the good ones great. Today, we’re giving you a shortcut as we pick the brain of one of the top real estate agents in the San Francisco Bay Area, and the country! Johnny Hoang just began his real estate agent journey only a short two years ago, but he’s been able to close on an astounding $67M in home sales despite having such a short time in the market. Even with things as hot as they are, that’s a very impressive number from any agent, let alone a rookie! Of course, it should come as no surprise that Johnny is a student of David Greene and works with David daily. In today’s show, David and co-host Rob Abasolo break down what it means to be a great real estate agent. They walk through different scenarios and situations with Johnny so you, the listeners, come away knowledgeable of the difference between an agent who will help you grow your portfolio and an agent who purely wants a commission check. In This Episode We Cover: How top agents prioritize clients and what you need to do to get to the top of the list The investor-client “kiss of death” and how to NOT talk to an experienced agent The seven signs of a bad agent and when to steer clear of an agent who’s all talk Finding the perfect investor-friendly agent that will diligently hunt down deals for you House hacking and using owner-occupied loans to slowly build your wealth What to expect (and not expect) your real estate agent to bring to the table And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder DavidGreene Team Keller Williams Realty Redfin Reddit Zillow David's BiggerPockets Profile David's Youtube Channel Rob's Tiktok Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-583 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast Show, 583.
0:04.6	If you want to get to X amount of income a year,
0:07.6	we're going to need to do these things within your savings rate.
0:11.4	We're going to need to do these things with your assets,
0:14.0	whether it's selling it, whether it's doing a cash off refinance,
0:17.2	and then we're going to come up with a plan where you can acquire one
0:20.2	every single year for the next five years to hit this milestone of yours.
0:31.7	What's going on everyone is David Green,
0:33.3	your host of the Bigger Pockets Real Estate Podcast.
0:36.9	The show where we teach you to find financial freedom through real estate.
0:39.8	Now, if you are looking to have a better life
0:42.3	and real estate is the way you want to get there,
0:44.2	you, my friend, are in the right place.
0:46.6	At Bigger Pockets, we are a community of over 2 million members
0:50.4	that are all committed to the same goal as you to find real estate to hit financial freedom.
0:54.6	We do that by bringing in experts in the field, subject matter experts,
0:59.1	people who have locked the path you're trying to walk
1:01.5	and are looking back at showing you what they did to get there,
1:04.0	as well as people that made mistakes so you can avoid them.
1:06.9	Today's guest is actually a close friend of mine.
1:09.9	It is Johnny Heng, an agent on the David Green team here to talk about
1:13.6	what to look for in a realtor to have success.
	...

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