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I have investors willing to pay for finder FEEs but

Posted on: Tue, 06/15/2010 - 20:14
I have investors willing to pay for finder FEEs but

Hey I have investors willing to pay for finder fees but what comes next? Plus some one walk me threw from start to finish if they have time I'm a twenty year old jus gettin started need money and from deans book you can make money this way just need some help little better from some one elses view and actually done it thanks take care

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Posted on: Sun, 09/25/2011 - 10:58 #31
Tammy

TammyAlvarado wrote:
I found buyers who want to give $500 to $1000 as a Finder's Fee. When I mention an agreement in writing, they've agreed but some have said they see no need for it. I've also been told that it depends on the amount that they'd be making. Have your buyers not barked at the escalating fees? I filled out the Bird Dog Agreement but changed the name to Property Locator Agreement since I heard a someone else call it that.

I found a Historical Victorian home that the bank was going to do a short sale on. Owner is out of state. It's in a different city from me so I found an investor in that area. I told him I found a Victorian home that he might be interested in since he told me he buys everything. I didn't give specifics on repair and it was a bit distressed. He said he pays $1000 for a finders fee. It's a 5/5 and I had a copy of the inspection report from the City. I told him that I charge $3000 for a finders fee. He said he could add it into the price of home. I faxed him the agreement and had to put the address on there. Is it safe to put the address on there and trust that he's not going to go behind my back or should I not have given him the address until he signed the agreement and faxed it back to me? I need help in understanding this.

Have an amazing week!

Tammy Alvarado

'some have said theres no need for it'

a verbal agreement is NOT worth the PAPER its written on....have everything in writing!! or else

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Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


Posted on: Sun, 09/25/2011 - 20:13 #32
Release of Mortgage

Since there are a lot of experienced RE people always on this site, Can anyone share a copy of a release of mortgage? I didn't see one on the docs and forms on DG and require a copy for my property.
Thanks


Posted on: Tue, 09/27/2011 - 18:06 #33
What type of agreeement for investors

Who can come to me, and we put money in a escrow account then I go to a auction or tax sale and buy properties out of the account. I have investors that dont want go to the auctions or tax sales, but are willing to purchase properties.I want to have access to the account to get the cash asap at a short notice to make a purchase. The escrow account will be with a title
company that is willing to hold the finances for a short time.
Thanks Chiller


Posted on: Tue, 09/27/2011 - 19:19 #34
Very good contract forms

I have been following this forum; the contract forms look very good. Thank you for sharing the information. Sincerely, Tammy

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https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.


Posted on: Wed, 10/26/2011 - 20:04 #35
Is it legal for me to find a

Is it legal for me to find a buyer for an investor that has a property already tied up?


Posted on: Wed, 10/26/2011 - 21:20 #36
Barbara

"Better to have that happen right away, rather than invest your time and energy in a deal that eventually falls apart"

Ditto on this per Vincent and Mike!

I've learned the hard way, learning is good but time lost you can never recoupe! If an agent can't see the potential to make money chances are he never will, changing their "retail" habits are hard and are not worth it.
Since you have some great buyers start advertising to sellers to fit your buyers criteria. Using bandit signs, classified adds, word of mouth, craigslist etc...

good luck and keep pushing!

P.U.S.H.= Push--Persevere Untill Something Happens---Dean Graziosi

__________________

"Cut not the wings of your dreams,
for they are the heartbeat and the freedom of your soul." ~ Flavia

Kathy Wholesales TX
KM WholeSale Properties LLC
469-587-9967
1888-591-1096


Posted on: Fri, 02/10/2012 - 18:08 #37
Looking for investors

I am looking for investors that pay a finder fee to find houses.

Idelle...


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