OfflineHello everybody..this is a great forum! I have a question. I have my eye on two properties that the bank has a reo and a forclosed property! I know the repair cost and what it will take to do the job..the cost of repairs are low!
i know this caused i cleaned them out for the bank! I know these are good deals how could i offer these to my end buyer who may be interested. I know the end buyer pretty well could i just sign some type of agreement with my end buyer that states if he buys the property we settle on a fee! That would put me out the pic and it will be just be btween the investor and bank?
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Dwanell Warren
It sounds like you are try to refer a property to an investors and collect a fee. That is called bird dogging and it is a great way to get started investing. You will need to get a non-circumvent agreement between you the buyer before you give them any information about the property. This will prevent the buyer from going around you and cutting you out of the deal. It will also keep you out of the picture with the bank if that is what you are looking for.
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Bird dogging is a great way to pursue this deal.
Stephan Roberts
"In absence of clearly defined goals, we become strangely loyal to performing daily acts of trivia!"
Here is a FREE property analyzer I've found:
https://tvallc.infusionsoft.com/go/RehabLite/sroberts/
It's a great tool to use to help analyze your deals (and did I mention it's FREE)! But, you really should spend the $97 and get the full premium edition! IT'S AWESOME!!