Finder Fee On Property
I am just getting into wholesaling of properties and have ordered a book from Ameraco to give me more info on how to do this. I was wanting to locate properties for investors that are 20 to 30% below FMV in return for 8-10% finders fee. Anyone else out there doing this. Are there any investors looking for someone to do this? Any comments appreciated.
houselady
[addsig]
Chris --Thanks for your comments.
I noticed that you are a property investor that works your local area and I reealize that you do not need anyone to do these things for you. However I was thinking of more of the other thousands of investors out there that cover a more broader area. There are many investors out there that buy properties outside their resident states. The are the investors I wanted to work for. What I would be bring to them is completion of all the footwork needed to decide on a deal. I would complete the market analysis, secure bids from contractors on any rehabbing that needed to be done and working with the seller, bank or realtor on securing the lowest possible price for the property. All of this would be sent to the out of state investors to review for consideration and hopefully picked up by some of them. As a future investor that wants to go nationwide someday I know I would like someone doing this for me and sending me in great deals. Less time prospecting and more time making money
houselady