Investor Leads And Fees?
Hi everybody, I have a question you guys might be able to help me with. I have currently devised a system for gathering customers that want to sell their home to a investor. I was wanting to bird dog the leads to investors for a fee when the house closes. How do I keep investors from going around me? I will be having to many leads to be signing purchase agreements on all of them. I want to provide the leads to many investors and who ever closes pays me my fee. But how do you keep them from going around you. I want to provide a free list of houses to investors but have them pay only when the deal closes. Any suggestions? should there be a contract with each investor that sign up? Any suggestions would be greatly appreciated. Thanks
check out the use of a non-disclosure agreement/non-circumvent.
I learned the hard way and had a 5-townhouse deal poached.
With your score you could do 100% financing . 80/20 the rates are not all that great on the 2nd 20% , so in what terms are you paying the seller .You could get a great equity line on your primary for the 20%
........ Although, I aggree with Marnie that it would be smarter for the sake of your new 1st to pull the 20% out of your existing primary residence for a Down Payment.
Thanks Marnie and Bensherman...My first mortgage or the 80% is a 30 yr fixed at about 5.375.......So you think it would be better to pay off the 20% through a home equity loan or something like that? Thank you so much for the responses
Point well taken! Your advise is greatly appreciated.