Business
During this episode of the Sam’s On Fire Podcast, host Sam Livingston, business coach, and realtor, is interviewed by Rob the House Guy on The Real Estate Investor’s Roundtable, alongside real estate investor, Scott Derringer. Livingston shares why he got into real estate, why he doesn’t typically work with investors, and the importance of educating everyone on both sides of any deal. Episode Highlights: Scott Derringer, a real estate investor, says he did not see a competitive advantage to becoming a realtor.Sam Livingston started dabbling in real estate as a flipper. When he disliked the agents he came across, he decided to become a realtor himself.Scott likes networking with REO agents and feels they are under-compensated.Realtors who represent REO’s are often more relaxed.Sam likes to approach everything from an educational standpoint.Both Sam and Scott discourage buyers from joining them when making an offer.Scott likes to come up with creative solutions when he finds a home that is overpriced.Sam describes the different types of agents you can become in the state of Ohio.Scott uses agents when flipping homes. There’s no emotional attachment with an investor.Scott describes some of the issues he has with agents, especially misrepresentation of their ability and skill level.Sam sometimes prefers when someone isn't an A-agent because they can give him the reins and he'll take care of it.The MLS system has become a bastardized system.Everyone has an app, but not everyone knows how to use them.When people misunderstood data or do funny math, this is a chance to educate.The number one marketing tool Sam has is price.They discuss the inaccuracies of Zillow Zestimates. This is another chance to educate.Investors have a lot of flexibility.Sam enjoys having professional standards as an agent. He also enjoys the opportunities presented by working in volume.Sam has no issue with investors who become agents.When you have people that have different backgrounds and diversity, it only brings more to the industry.Real estate has given Sam flexibility in raising his three sons.Real estate investing has given Scott flexibility in raising his six children.3 Key Points:A real estate investor may see no competitive advantage to obtaining a real estate license. A realtor may not be interested in handling the same types of deals that an investor would.Investors approach transactions differently because there’s not an emotional component to the deal. Becoming a realtor or a real estate investor can offer flexibility and financial freedom. Resources Mentioned:Sam Livingston website, Facebook, Twitter, Instagram, YouTube, LinkedInReal Estate Investor’s Roundtable podcastRob the House Guy Scott Derringer FacebookRealeflow