I am a buy and hold real estate investor and the past few years it has become increasingly more difficult to find decent deals in my area so I am starting to do more networking to try and meet retiring landlords looking to sell their whole portfolio. A thought I had was to network with insurance agents as connecting with one insurance agent is like connecting with a thousand people at once.
If I understand your industry right it would be a win for an agent to connect an older investor who has a high chance of selling with a young investor who will keep the portfolio insured with them. How big of a win would this be? How motivated would you personally be to try and connect the old with the new? Is this a thing in the industry? As an agent, would you be annoyed by a person like me cold calling you? I have only tried this a couple of times so far with mixed results.
Lastly, if the portfolio is big enough to justify me bringing on a cash investor there would likely be a refinance event that would allow me to offer a small percentage of the holding entity as an additional incentive to an agent. Are their rules/regulations in your industry that would get in the way of something like this happening? Would this additional advantage be enticing if the first advantage wasn't?
Any ideas or ways to approach a conversation like this would be very welcomed!
If I understand your industry right it would be a win for an agent to connect an older investor who has a high chance of selling with a young investor who will keep the portfolio insured with them. How big of a win would this be? How motivated would you personally be to try and connect the old with the new? Is this a thing in the industry? As an agent, would you be annoyed by a person like me cold calling you? I have only tried this a couple of times so far with mixed results.
Lastly, if the portfolio is big enough to justify me bringing on a cash investor there would likely be a refinance event that would allow me to offer a small percentage of the holding entity as an additional incentive to an agent. Are their rules/regulations in your industry that would get in the way of something like this happening? Would this additional advantage be enticing if the first advantage wasn't?
Any ideas or ways to approach a conversation like this would be very welcomed!