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About NARREIA
Ask anyone who has tried to get involved with real estate investment what the
hardest part was and the answer will likely be the lack of good help. Trouble
finding a trustworthy advisor who knows what they are doing can be quite a challenge,
especially if you are looking to invest outside your home market. This is compounded
when the investor wants to diversify their real estate portfolio into other
markets and they must go through the search all over again.
Ideally, there would be an organization of knowledgeable, full-time real estate
agents throughout the country, and once you found your way into this organization,
everything you needed to nationally invest would be at your finger tips. The
agents would be accepted into the group only after an interview process determined
they were well versed in the different investment vehicles and the very important
aspect of investment finance. After all, they would be investors, too. Instead
of trying to keep your investment dollar in their own market, the agents would
be part of a network that would encourage them to send you to other regions
to diversify your portfolio. There would be access to current market data, tools
to quickly calculate cash flow and other financial computations, and an online
education accessible from anywhere in the world. Instead of charging $5,000
to $10,000 for all of this, it would be provided freely because the agents would
be satisfied with the standard commissions associated with real estate transactions.
This certainly would be ideal.
Welcome to NARREIA, the National Association of Residential Real Estate Investment
Advisors. As the name indicates, NARREIA is a collection of highly professional
Realtors who have focused specifically on residential real estate investing
on a national level. NARREIA's website provides a more concentrated set
of real estate investment tools and organization than anywhere else, period.
And the pleasant surprise is this is all provided to you for free
in order to gain your trust in hopes that you'll select our agents to
perform your real estate transactions for you. You can read more about how NARREIA came about in Our Story.
For the real estate investor, this means you no longer have to spend hours
sifting through flaky, non-professional real estate agents who don't know
the first thing about investing or finance. Have you been burnt by false rent
comparisons or agents that really don't know their own market? Have you
tried to discuss 5/1 ARMs with your agent only for them to say they only have
two arms? Are you tired of knowing more about a market that you don't
live in than the agent who lives there and supposedly works full-time? It is
NARRIEA's prime objective to eliminate all of these problems for you.
Here's how it works: NARREIA is a national association of full-time
Realtors who are not only well versed with real estate investing, but are also actively
investing themselves. NARREIA's leadership is constantly seeking out these
kinds of professionals in emerging and hot markets so that when you, the investor,
want to enter a specific market, all you have to do is visit our website and look no further. To top that, if there is an emerging market that
you're interested in, NARREIA will locate, screen, interview, and select
an agent in that market to join the list of NARREIA advisors so that you don't
have to spend your own time doing it. Oh, and did I mention it's all free?
We at NARREIA don't like to dance around subjects, and the fact of the
matter is that everyone involved is here to make money. The way NARREIA agents
and advisors make money is two-fold, but the most important concept is that
outside the traditional costs of buying and selling properties, the use of our
online services is absolutely free to our clients, the investors. In other words,
if you buy a property that is listed on the MLS, the Seller traditionally provides
the commission to the Buyer's agent. Of course when you go to sell, you'll
end up with the traditional commission associated with selling the property,
but that's no different than if you used an agent off the street. Basically,
that's the cost of real estate investment.
The first way we make our money is the commission on the buy and the sell.
The second way we make money is through referral fees. Again, there is no additional
cost to the investor. With a referral fee, the agent who buys or sells the property
will get a commission. If the agent received the client from another agent,
the agent who received the commission will send a portion to the referring agent.
For Realtors, this concept is very powerful, especially since we at NARREIA offer a whopping
40% referral fee. Yes, you read that right, we will send almost half of what
we make in buying or selling a property to the agent that refers us the client.
The industry standard has traditionally been 20-25%. At NARREIA, we recognize
that investors usually perform multiple transactions. Because of this, we are
willing to pass on more than the standard because we believe that we will make
it up in volume. And it works. (Because we give up almost half of our commission
to the referring agent and a good chunk to our brokers, realize that there is
very little room in reducing our commission. We are NOT discount agents and
are in this to make a profit, so please do not engage us in a debate about our
commissions. Our advice is free, we will help make you money, so please do not
deny us ours.)
The NARREIA website is truly leading edge in the real estate investment industry.
The depth of the site is unmatched. Please visit the site map coming soon for an in-depth
look at what the site has to offer, and here are some of the highlights:
- An introduction to real estate investment including an explanation of the
most popular real estate investment vehicles.
- An automated online system to help you build an investment strategy customized
to your investment style.
- The ability to perform side-by-side comparisons of different real estate
markets utilizing market data provided by Realtor.com and Credit Suisse First
Boston.
- An online portfolio for investors to track their investments. This section
will allow you to predict and document the performance of each property to
help you determine when you should liquidate or how you should diversify.
- An investment simulator that will allow you to "purchase" a property
and then watch how the cash flow would play out. Aspects include periodic
appreciation, monthly pre-tax cash flow, and annual post-tax cash flow.
- Fantasy Real Estate Investment. Ever play Fantasy Hockey or Fantasy Football?
How much do you think you could make if you had $100,000 capital to start
with? Think your portfolio could out perform your friend's? Think you
could have the greatest passive income for the quarter or year when compared
to our other investors? Step aside Celebrity Death Match, make room for Fantasy
Real Estate Investment.
- Forums on various topics including what markets are hot and which are not,
developing an investment strategy, and debates over the best investment guru
programs out there.
- Online forms like automated property analysis (APOD) for residential properties
as well as multi-unit complexes.
- Access to highly professional, full-time real estate investment advisors.
Where else can you find a collection like this?
While some organizations charge between $5,000 and $10,000 for investment advice,
we provide this service free of charge. We hope that by providing this information,
it will encourage you to use us to represent you in the purchase of your investment
property.
Click here to Register for Free ...
Click here for Our Story ...
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