OfflineHey everyone,
As Rookie investor each day is both exciting and a bit nerve racking. I feel I have learned so much in the last month, not only from Deans Interactive training course but from this site as well.
I am not in a position to buy and sell yet, so I'm currently working as a bird dog for another investor.
Anyway I am close to making my first deal. It will be small, yet huge because its the first.
I am currently working with a motivated buyer that is looking for a lease option.
So I am wondering how would some of you negotiate a finders fee, either with the owner or with a Realtor?
I appreciate any input.
Zeek
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As for the above scenario I am simple matching a buyer(who wants to rent to own) to a seller.
I am doing that too - I have some motivated buyers that have contacted me but I have not found a home for them. How exactly are you doing yours?
I think its a great way to start out. Make sure you have a good Realtor.
So far I have gotten my leads from Craigslist. You can put an add out to attract buyers. i.e.) Rent to own. Also, explain to your Realtor what you are doing and have them put together a sellers list that consisting of sellers willing to lease.
In most cases the Realtor receives a finders fee that is equivalent to the amount of the first months rent. That is the amount you will split with the Realtor. In my area its actually easier to get people in a house via lease options as opposed to purchasing up front.
Hope this helps,
Zeek