I also emailed an answer. My email did not bounce. Just in case it comes back later, here is my reply:
In order to have the best possible chance of reaching your real estate goals you will need to be certain that the Realtor you choose is qualified, and most of all competent in the area of real estate investment.
For what you want to accomplish; a â€œbrokerâ€™s licenseâ€ level of education and years of experience may be necessary in order to be competent enough to do the job successfully.
To investigate any Realtorâ€™s level of education and type of license they hold, simply put their â€˜last name, first nameâ€™ into the licensee search box on the TREC (Texas Real Estate Commission) website. http://www.trec.state.tx.us/
The licensee information TREC provides will also give you an indication of approximately how long a person has been licensed based on the year they first took their 4 core real estate theory courses. (RE Principles I & II, RE Agency, RE Contracts)
For you to be able to evaluate a propertyâ€™s potential performance as an investment, you need a Realtor who can provide you a â€œProperty and Investor Data Summaryâ€ for every property you want to offer on, before you make the offer. A â€œProperty and Investor Data Summaryâ€ calculates your projected yield using all the variables involved with purchasing and selling income property (cost recovery calculations, recapture tax calculations, the balance of your capital gain after the cost of recovery taxes, etc). Working with a Realtor who uses â€œResidential Performance Summaryâ€ worksheets to evaluate properties will save you time and money.
I wish you much success.