I got my real estate license mainly for my own investing, but since I have it I would like to put it to use to make some extra money (also for investing).
I’m thinking of a strategy to approach fsbo’s first as an investor looking to purchase. Since the vast majority will not be willing to sell at a price in which I could purchase, my next move would be to offer to list their house to help them maximize their net proceeds.
My pitch will be to help the seller by providing a solution to help them get their house sold. If me buying at a discount helps them, great. If they want to make more money than what I could offer, then I can help them sell.
I don’t think I’m doing anything revolutionary here... has anyone ever successfully used this tactic or anything similar? Any opinions on whether it could work?
@Shaun R. Talk to your broker about the conflicts of interest this will likely cause.
I’ll definitely do that, but it’s late and I’m working nights right now so I’m up all night. Anyone have any insight on why it’s a conflict of interest until I can talk to my broker?
Bumping this up there for one more shot at some answers.
@Shaun R. Definitely can't hurt. You'll probably have a less than 2% success rate, but I know some brokers who do this. Also, try calling for rent signs and ask it they want to sell. Good luck.
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