$3580 earned in 4 deals... for introducing buyer and seller!!

That is awesome! Great Job!

Way to go. Money is money any money in is more money than you had it all adds up.
Keep up the good work I know you work hard at this and it is going to pay off big time.

Now lets get a deal done together.

Steve.

Great post, glad you are on here sharing your deals, have missed your journal posts, always loved seeing what you have going on. Why so many checks?

source of income that we often overlook. Gotta start paying more attention my self. If we spend so much time developing buyers why not share them with people we trust.

Btw: Cathy, the reason you havent seen Tammy on DG is she is spending so much time on FB. LOL Tammy your posts are great...I wonder how your uncle is doing?

Thanks for the encouragement. I've had so much going on, I'm finally getting a breather! I've had about 20 some deals fall through in the past month and a half. There are 3 checks, because the seller gives me a small fee for each property bought! I was pleasantly surprised! Hope you are doing well!

LOL , I am actually not there too often, but when I am there it is to talk to some of my buyers, and then of course I get sidetracked with the neat sayings, videos and pictures that are on the front page. Yes, it is overlooked! Sellers always need buyers! We do get so caught up in the bigger things we forget about the simple ones, don't we? Back to basics sometimes opens doors we would have otherwise missed!

Yes, we need to get one going and just do it. Even though I haven't closed too many wholesale deals yet, just getting in and doing it has grown my network tenfold. And, I've learned so much! That kind of payment will benefit later on down the line!

I knew you'd come through because you are super persistent and don't give up. Its worth sticking with it through the bad to get to the good, isn't it?

Hey Tammy, Way to go my fellow DGer Investor, Jim

Tammy, Thank you for sharing, very cool!

Way to go!

RENinja

Thanks. I'm still working on that other item for you.

Thank you! Love your name! It just goes to show that there is money to be made everywhere in this business!

It is CERTAIN we will SUCCEED!

So I updated the title and the new amount. Another $725 of passive income made. Don't you just LOVE the possibilities with REI???

That's great! Practically a stream of passive income.

I was under the impression for a situation like this that most people would only be paid for the original referral/deal. But hey, you wouldn't hear me complaining if it happened to me too.

That's amazing Tammy! Great money for just introducing two in a transaction! Keep it up!

Tammy,

Congratulations on your checks!! Your post caught my attention! Im Holly, I think you and I have pm eachother awhile ago.. (Mother of 5, I homeschooled my children, like you.
I wanted to ask you how you arranged to get your fee on those deals??? I recently posted an ad to attract some buyers online.. The very same day, I had a seller/Investor call me and ask about a cash buyer to buy his property, possibly two. (My ad was not inteneded to find a seller at the time, although I was extremely excited about it!! ) He is moving out of state and does not want to landlord. He asked me if I had any cash buyers and I told him I did . What I didnt do in our conversation was lead him to believe I would buy the properties myself.. He thinks I am going to find him a buyer.. How would you handle this if you were me? Would you act as a bird-dog and collect a fee from buyer, or seller?? OR... should I make an offer and put the deal under contract and then find a buyer... This would be my very first wholesale deal.. I just want to make sure If I introduce any buyer to the seller, or vice versa, that I somehow get paid too. He has another property he may sell also, I have worked so hard and long to make this finally happen!!! I appreciate your feedback...

Best,
Holly

Thank you! For this one, the seller just sends me a form to fill out for the finder's fee whenever a deal is happening. If you find the buyer and don't put it under contract, you CAN use an NCND to protect the confidentiality and going around you. But, even using those, people sometimes try to go around you.

The best way is to put it under contract, with 'BUYER NAME and/or ASSIGNS' as the buyer. Give yourself as long as possible to hold the property and as long as possible due diligence period to remove contingencies. Then you can use an assignment agreement; that is the best route to go IMHO because then they HAVE to go through you to get the property. I have found that its best to market it for the sales price + assignment fee; then people call you to ask what the assignment fees are. Or, you can market it with the assignment fee built in; its all up to you.

I do remember talking to you a while back because you are another mom of many that homeschooled. Right now I broke down and put my kids in school (a very small one that is run just like homeschool) and it has really given me the break I've needed. And my kids love being with other kids, even if the class size is only 5 or 6.

Thanks, I wanted to share to show that birddogging can bring in some money too, so don't forget about that strategy.

It is CERTAIN we will SUCCEED!

This seller has quite a few properties, so they reward the finder for each transaction rather than for each buyer; because they wouldn't have gotten the sale at all w/o the introduction and they realize the value of it. Every little bit.. it adds up...

that is so cool! who would think birdogging after all the other deals you've done this far?! as you say... another strategy to put under your belt!
congratulations! as always, thanks for sharing!

Learning and progressing every day,
Valerie

What a Great Story Tammy, gives one goosebumps just contemplating all the possibilities here!!

Fabulous stuff.

Princeadhola

You are always thinking of new ways to generate income. Keep it going

Way to go with the birdogging! It incredible how much the saying "its who you know, not what you know" applies to REI.

I noticed that your private money site is down... just thought I'd let you know in case you weren't aware

Great job Tammy and much Congrats! You definately have and continue to pave a way for yourself:) And like you said, "back to basics"...I sometimes think we forget this. Much continued success to you!

Yes, I'm in a situation now, I can't buy any properties, I have mega expenses going on and things seemed to be in a pretty bad situation. My loan STILL hasn't closed (10 months now) and I'm getting very worried as my HML is due in 2 months and this HML is brutal and will just take the house, all our investment into the house, all the rehab and equity and take it from us when term comes; so I'm getting pretty anxious about it.

The possibilities in RE are endless! Keep at it and you will succeed!

Despite the obstacles against me right now, I have to press forward past them. I'm making it happen despite everything in my way!

Yes, I'm in the middle of updates to it, so its off and on throughout the day. But, its working now.

Networking is SO essential in wholesaling, its your lifeline. Your network=your net worth!

I'm now on my way to my first successful short sale assignment as well. Things keep getting better!