How Much Is Too Much?
I have found investors, I have found deals. Now when I bring the 2 together. What is the normal fee for just finding the deal as well what is the fee for actually doing additional legwork. When should I get paid acceptace of contract, closing, or when they actually get the house resold. And is $2500 as a fee and being paid on or before the closing acceptable. I mean if you don't know about the deal and potentially could make 10 to 20+ thousand on a deal. Is that really too much to ask.??? And isn't my job really over at time of acceptance of offer or do I really need to wait until the rehabs done and finally resold. Thanks for your help.
When I was birddogging, I usually had an agreement, of either an equivilant of 1% of the selling price, or 10% of the profit. Believe it or not, i got 10% a lot to.. Investors do not want to burn bridges. If you bring them a deal, and make them money, they are usually grateful for it
Thanks, BirdDog1. That helps.
The 10% of profit is much better and keeps the investor's cash flow good. Keep finding the deals and you will be doing well in a reasonable peroid of time. Remember good things take time and patience.