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Forums » Real Estate Agents » selling vacant property leads?

selling vacant property leads? Subscribe to selling vacant property leads?

4 posts by 3 users

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Mike McKernan

Real Estate Investor · St. Paul, Minnesota


Forum_avatar_avatar-jaxmike

Icon_minipost Jun 30 '09, 01:34 AM

I find alot of abandoned and vacant properties when I go door knocking. Many that don't have realtor signs or anything. Could I possibly charge a realtor for these leads, say 20 bucks a property and if he closes to an investor I get the finders fee minus the 20 bucks? Would people be willing to do this? I guess I'm just looking for ways to make alittle money now instead of waiting so long for the short sales and closings to go through.

Edited: 06/26/2010 at 08:47AM


Corey Demuth

Real Estate Investor · Queens, New York


Forum_avatar_avatar-mizugori

Icon_minipost Jun 30 '09, 01:40 AM

be careful because in many states that type of conditional "pay me if you close a deal" transaction would be viewed as brokering, and i presume you don't have a real estate broker's license...

and, i believe even if you did, you can't broker solo you have to do it for a company

Edited: 06/26/2010 at 08:47AM


Mike McKernan

Real Estate Investor · St. Paul, Minnesota


Forum_avatar_avatar-jaxmike

Icon_minipost Jun 30 '09, 02:02 AM

Well I get paid by investors, not realtors, if the deals close. Anyway would realtors or even investors be willing to pay for these leads?

Edited: 06/26/2010 at 08:47AM


Scott M.

Real Estate Investor · Rochester Hills, Michigan


Forum_avatar_avatar-scottmac

Icon_minipost Jun 30 '09, 02:59 AM

I doubt you could sell "leads" in this manner - you would prob. be wasting a bunch of time.

If there is not sign out front how do you know it is for sale? Say a bank owns it and it is in the process of going to a local realtor - that could take months -

Lots of bulk REO sales are done with no signs - so while there might be some great leads you will also have lots of "fake" leads and may not be worth someones time.

Not saying it isn't a great idea - simply I would manage your expectations.

Edited: 06/26/2010 at 08:47AM


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