OfflineI saw this house in homepath.com by fannie mae and it says " * Price: $92,000
* Total Rooms: 8
* Living Area Size: 2,205
* Lot Size: 14810
* Exterior: Wood
* Heating Type: Radiator
* Year Built: 1880
* Parking Spaces: 4
* Description: Fannie Mae offering incentive up to 3.5% towards buyer closing costs and/or appliances for owner occupant closings before 5/1/2010.Fannie Mae Home Path Property. Purchase for as litle as 3% down. Property is approved for HomePath Renovation Mtg.Financing."
Can I still be the middle man and get a birddog fee, and if i can how? I just finished deangraziosi how to be a real estate millionaire and I want to take action, please help a new beginner, and I promise I will try to help others as I get better.
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It is tough to be a bird dog for deals and property that is already listed for sale. Generally, just as you have done, you can get this information for free from the internet or any licensed realtor for free. If you have people that are interested in purchasing property and are retail buyers that have no realtor - you could ask a realtor for a "marketing fee" and sell them a lead. The better the lead the more money it is worth to a realtor. This is not a referral, and agents would not be able to pay referral fees to unlicensed professionals in most states.
Agents often buy leads, a lead is not tied to the outcome of a transaction so therefore not a referral. There is no guarantee that this individual will even work with the agent. It would be the agents responsibility to follow up and convert the lead to a sale. You would generally be able to charge $50 - $150 per lead possibly more if an agent fees there is value to the leads you are selling. I hope that this information helps!
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