I have received several responses from ads I placed looking for investors. They emailed me about property types they are looking for and I spoke to a few on the phone, but they agree to pay a finders fee. I am not comfortable spending my time looking for properties for them without some kind of agreement as to what they are willing to pay me if I bring a deal to them.
Second, how do you tie up a deal in this situation? I was going to look at a property yesterday with an agent and she told me that I would have to have doc from a pre-approval letter or pre-qualify letter in order for her to even write up a contract. Should I be asking the potential end-buyer/investors who contacted me for this information? I can't get qualified to borrow due to the fact that my income isn't high enough.
If anyone can help me with this road block I would greatly appreciate it.